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Grace liability raised

8:43 AM MST | February 8, 2013

W.R. Grace says it has adjusted its asbestos-related liability to $2.07 billion, $365 million more than previous expectations released last November. The company reported a $365-million noncash, pretax charge in its fourth-quarter earnings ( p. 13). Grace reached an agreement with asbestos claimants in November 2012 to settle a warrant funding a portion of its asbestos liabilities in cash rather than in Grace...

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