In 1988, USG gypsum was the largest producer in the world and one of the largest building products companies in the world. May 2, 1988, the board of directors of USG announced proposed debt recapitalization plan to thwart hostile cash tender offer wilderness partners. With only one week left before the tender offer was scheduled to end, the shareholders must decide whether their shares or to wait and vote on the recapitalization plan. "Hide
by Benjamin C. Esty, Tara L. Nells Source: Harvard Business School 15 pages. Publication Date: Dec 05, 1996. Prod. #: 297052-PDF-ENG