- Chemicals company W. R. Grace trades at a fair valuation but is potentially in play through a strategic review.
- The company has also received two acquisition offers, first at $60/share then at $65/share.
- A strategic review process is ongoing despite the recently announced acquisition.
- In a frothy market, W. R. Grace appears relatively attractive given the $65/share bid and the recent acquisition appears justifiable.
- A recent small acquisition at around 9% of the company's EV appears to be fairly attractive.
For further details see:
W. R. Grace Offers Multiple Ways To Win And Recent Deal Makes Sense