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GRA - Grace says prepared to move quickly in talks with 40 North
W.R. Grace & Co.
W.R. Grace ([[GRA]] +0.8%) responds to the revised unsolicited proposal from 40 North, saying it is "willing to discuss a sale of Grace to 40 North in the context of our ongoing review of strategic alternatives."Grace says it is "prepared to move quickly" to provide 40 North with a draft confidentiality agreement.Earlier this week, 40 North raised its offer for Grace to $65/share from $60.Shares are halted.