GRA - W.R. Grace bidder 40 North says submitted bid with debt equity commitment letters

W.R. Grace (GRA) bidder 40 North said it submitted debt and equity commitment letters for its $70/share bid for the chemicals company, according to a regulatory filing. 40 North said its advisory banks and financing partners include JP Morgan, BNP Paribas, Citi, Deutsche Bank and Apollo, according to a letter 40 North sent to W.R. Grace CEO Hudson La Force.  40 North said it looked forward to concluding the process and being in a position to sign a definitive agreement within the next two weeks.Last week in response to 40 North's increased $70 bid W.R. Grace requested that 40 North gave details of its and equity financing commitments.Recall March 19, W.R. Grace cuts Q1 earnings guidance on winter storm effects.

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W.R. Grace bidder 40 North says submitted bid with debt, equity commitment letters