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Georgia Gulf Corp. (GGC) rises 32%, to $24.48, after rival Westlake Chemical (WLK) submits a...
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Friday, January 13, 2012, 9:19 AM ETGeorgia Gulf Corp. (GGC) rises 32%, to $24.48, after rival Westlake Chemical (WLK) submits a proposal to acquire the company for $30/share in cash. Georgia Gulf's current trading price suggests investors expect a higher bid to arrive. Westlake says a $30/share deal would be accretive to its earnings in the first fiscal year following the deal's closing.
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