DENVER (Jan. 8)—Denver-based building products maker Johns Manville Corp. and Omaha, Neb.-based holding company Berkshire Hathaway Inc. each have approved a merger agreement in which Berkshire will purchase outstanding shares of Johns Manville for $13 per share. The Dec. 19 agreement led to a Dec. 29 tender offer for the shares by J Acquisition Corp., a subsidiary set up by Berkshire to complete the deal. One estimated value of the transaction is $1.72 billion, based on the tender offer filing with the Securities and Exchange Commission. Johns Manville, which makes roofing products from a variety of materialsÃincluding EPDM, thermoplastic olefin and styrene-butadiene-styrene modified bitumenÃwill remain headquartered in Denver and will operate as a wholly owned subsidiary of Berkshire.
Holding company to acquire roofing membrane manufacturer Johns Manville
Letter
to the
Editor
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].