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Georgia Gulf Rejects Westlake Takeover Bid

3:51 PM MST | January 16, 2012 | Vincent Valk and Lindsey Bewley

Georgia Gulf says the Westlake offer is “inadequate and highly opportunistic.” Westlake announced an unsolicited bid for Georgia Gulf on Friday, January 13, and said that it had first presented an offer to Georgia Gulf on September 20, 2011. Westlake says the rejection is not in the best interest of Georgia Gulf shareholders. "Georgia Gulf’s board is once again standing in the way of its shareholders receiving immediate value and a substantial premium,” Westlake says....

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