PARIS (Reuters) – French construction materials company Saint-Gobain on Monday said it would acquire all shares in GCP Applied Technologies in a deal that values the U.S.-based target company at around 2.3 billion dollars.
Saint-Gobain in a statement called the transaction a “landmark” to make it a global leader in construction chemicals, adding that the deal has been approved by the boards of both involved companies.
(Reporting by Tassilo Hummel; Editing by Benoit Van Overstraeten)
