United States Gypsum (USG) and Germany's Knauf Group, which holds a 10.5% share in USG, have been involved in a board-level dispute for much of March and April 2018, stemming from Knauf's offer to buy all of USG's shares for US$5.9bn. USG rejected the proposal in late March 2018, with its President and CEO Jennifer Scanlon describing the offer as 'wholly inadequate' and said that it 'substantially' undervalued the company. She added that USG had discussed the proposal on the telephone with Knauf in December 2017 and met in mid-March 2018. Knauf submitted a revised proposal around the same time.
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