Standard Industries Hits Back at Braas Monier Over Bid PriceBy
U.S. firm defends price, rationale for deal after rejection
Letter calls Braas’s claims ‘misleading’ and ‘falsehoods’
Standard Industries Inc., the U.S. roofing and waterproofing business, defended its 980 million-euro ($1.1 billion) offer for German supplier Braas Monier Building Group SA, rejecting claims made by the target that its bid is too low.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.