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S&P Places USG Corp. (USG) Ratings on CreditWatch Positive

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Jefferies Remains Sidelined as USG Corp. (USG) Plans L&W Divestiture

August 30, 2016 7:25 AM EDT

Jefferies reiterated a Hold rating and $33.00 price target on USG Corp. (NYSE: USG) following the company's announced divestiture of L&W. USG is selling L&W for $670 mil or 12.9x EV/EBITDA and is expected to close in 4Q16. $600 mil of the... More