GRA - Grace bought by Standard Industries in $7B deal

W.R. Grace (GRA) +6.7% pre-market after agreeing to be acquired by privately held Standard Industries Holdings in an all-cash deal valued at ~$7B, including Grace's pending pharma fine chemistry acquisition.Under the deal terms, Standard will acquire all Grace shares for $70/share in cash, a 9% premium to Friday's closing price of $64.24.With 66.19M shares outstanding, the per-share bid implies a Grace market cap of $4.63B.Top shareholder 40 North says it supports the transaction.

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Grace bought by Standard Industries in $7B deal