GCP Applied Technologies (GCP) Issues Statement in Response to Starboard Nominations

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GCP Applied Technologies Issues Statement in Response to Starboard Nominations

January 13, 2020 2:20 PM EST

CAMBRIDGE, Mass., Jan. 13, 2020 (GLOBE NEWSWIRE) -- GCP Applied Technologies Inc. (NYSE: GCP) (GCP), a leading global provider of construction products technologies, today issued the following statement in response to the nominations announced by Starboard Value LP (Starboard) earlier today:

GCPs Board of Directors and management team are committed to executing the Companys strategic plan and continuing to drive enhanced performance and operating efficiency to unlock value for all of our stockholders.

GCP has maintained a constructive dialogue with Starboard and its other stockholders, including a 2019 agreement to add two... More