W. R. Grace & Co. (GRA) agreed to be taken private by Standard Industries Holdings for $70.00 per share in cash in a deal valued at about $7.0 billion, including Grace's pending pharma fine chemistry acquisition.
In Monday pre-market trade, GRA was trading at $68.49 up $4.25 or 6.62 percent.
Standard Industries' related investment platform 40 North Management LLC is a long-standing shareholder of Grace.
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