Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, February 5, 2015

Chemical maker WR Grace to split into two companies, (NYSE: GRA)

Specialty chemicals maker W.R. Grace & Co said it would split into two public companies through a tax-free transaction to shareholders aimed at improving strategic focus, simplifying operating structures and making better use of capital. One company will consist of Grace's businesses that make products used in the refining, petrochemical, food, pharmaceutical and personal care industries.

W.R. Grace & Co. (Grace) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis. Shares of GRA traded higher by 0.56% or $0.51/share to $91.11. In the past year, the shares have traded as low as $79.06 and as high as $105.05. On average, 613060 shares of GRA exchange hands on a given day and today's volume is recorded at 1024237.