Saint Gobain S.A. http://www.alacrastore.com/company-snapshot/Saint_Gobain_S_A-1014622 Saturday, October 11, 2008 9:41:52 PM 1014622 Saint Gobain S.A. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/676176spcred/676176normThe latest News from S&Pglobal10/10/2008 1:01:00 PM100News676176FranceBuilding ProductsAsiaEurope, Middle East, AfricaLatin AmericaUnited StatesEmerging MarketsGlobal IssuersCorporationsBuilding MaterialsCapital GoodsConsumer ProductsHealth CareHigh TechnologyNewsPARIS (Standard&Poor's) Oct. 10, 2008--Standard&Poor's Ratings Services said today that its ratings and outlooks on France-based Legrand S.A. (BBB/Stable/A-2), a major global manufacturer of low-voltage electrical fittings, and French building and engineered materials manufacturer Compagnie de Saint-Gobain (BBB+/Stable/A-2), remain unchanged after yesterday's downgrade of French investment holding company, Wendel, (BB+/WatchNeg/B) which owns stakes in the two companies (see "Wendel Long-Term Rating Lowered To 'BB+', On Watch Negative; Short-Term Rating Lowered To 'B'," published Oct. 9, 2008, on RatingsDirect). Wendel and U.S. private equity group Kohlberg Kravis Roberts&Co. (KKR, not rated) each own co-controlling 31% stakes in Legrand, with each having three representatives on the company's board of directors of 11 members. In addition, WendelFRA20428J20428L20428MF2005M20428020102010 201020 2010 20Compagnie de Saint-Gobain112469ASIAEUROMIDAFRLATAMERICAUSAEMERGINGCOD@LNNEWSFRA31733720105010 201050 2010 2020104010 201040 2010 20WendelLegrand S.A.364569368932EUROMIDAFRMF@FPLR@FPGLOBISSCORPBuildingCapitalConsumerHealthHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/cs/74553cs/74553norm London Conference: European Building Materials - Have the Emerging Markets Emerged? This article is a transcript of the Presentation we gave on European Building Materials at CreditSights London September #### Conference last week....997372613948Transcripts21Sector Outlooks9/24/2008 10:06:00 PM150This article is a transcript of the Presentation we gave at our London September 2008 Conference last week where we reviewed the increasing importance of the Emerging Markets to the credit quality of European Building Materials credits.745539056YesD0Article136810191951202120631012corp176166210141155120320422119319437896987220466311310711710074553Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/65214cs/65214norm US Housing and European Building Materials: Pulling Down the House of Cards? We review the impact of the current US Housing Crisis on the credit quality of European Building Materials credits. How significant is the actual exposure...652147880YesD0Article2021136810191012195121442063corphy411933789572723936149M&A Activity42High Yield48Transcripts9/24/2008 6:05:00 AM150Slides and transcript from our speech at the US Housing Investor Discussion Forum held this week in London. We review the impact of the current US Housing Crisis on the European Building Materials sector.65214Credit & Investment ResearchCreditSightsSPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of Can Prunera SA, a Vilafranca Del Penedes-based wholesaler of construction materials, from Cementos Molins SA and Materiales para la Construccion Can Prunera SA. Concurrently, SG acquired the entire share capital of Ramon Tomas SL.9/10/2008 2:53:48 PM78954W13491X78958515129ASaint Gobain Distribucion Construccion SLCan Prunera SACie de Saint-Gobain SACementos Molins SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Saint_Gobain_Distribucion_acquires_Can_Prunera_SA_from_Cementos_Molins_SA-2010593040sdc/20105930402010593040Copyright © 2008, Thomson Financial, All Rights ReservedWholesale Trade-Durable GoodsSpainConstruction materials, nec5039FFForeignSubsidiary5039:Construction materials, nec3211:Flat glass3231:Glass products, made of purchased glass3251:Brick and structural clay tile3291:Abrasive products5032:Brick, stone, and related construction materials5033:Roofing, siding, and insulation materialsWholesale Trade-Durable GoodsSpainConstruction materials, nec5039FFForeignJoint Venture1039310001Mnfr,whl glass,abrasive prodMnfr,whl portland cementsUnspecifiedStock722173001Sep 10 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000Saint Gobain DistribucionConstruccion SL, located inMadrid, Spain, wholesalesconstruction materialsincluding glass. The companywas founded on June 30, 2000.Saint Gobain Distribucion Construccion SL, located inMadrid, Spain, wholesales construction materials includingglass. The company was founded on June 30, 2000.Saint Gobain Distribucion Construccion SL, located in Madrid, Spain, wholesales construction materials including glass. The company was founded on June 30, 2000.1.000002.000003.000004.000005.000006.00000Can Prunera SA, located inVilafranca Del Penedes, Spain,wholesales constructionmaterials including glass. Thecompany was founded on March3, 1987.Can Prunera SA, located in Vilafranca Del Penedes, Spain,wholesales construction materials including glass. Thecompany was founded on March 3, 1987.Can Prunera SA, located in Vilafranca Del Penedes, Spain, wholesales construction materials including glass. The company was founded on March 3, 1987.0.000000.000000.000000.00000Y08 Sep 08Mon, 08 Sep 2008 00:00:00 ESTDate Announced: 09/08/200808 Sep 08Date Effective: 09/08/200808 Sep 08MergerFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.00000SPAIN - Saint GobainDistribucion Construccion SL(SG), a unit of Cie deSaint-Gobain SA, acquired theentire share capital of CanPrunera SA, a Vilafranca DelPenedes-based wholesaler ofconstruction materials, fromCementos Molins SA andMateriales para laConstruccion Can Prunera SA.Concurrently, SG acquired theentire share capital of RamonTomas SL.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of Can Prunera SA, a Vilafranca Del Penedes-based wholesaler of construction materials, from Cementos Molins SA and Materiales para la Construccion Can Prunera SA. Concurrently, SG acquired the entire share capital of Ramon Tomas SL.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA,acquired the entire share capital of Can Prunera SA, a Vilafranca Del Penedes-basedwholesaler of construction materials, from Cementos Molins SA and Materiales para laConstruccion Can Prunera SA. Concurrently, SG acquired the entire share capital of RamonTomas SL.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of Can Prunera SA, a Vilafranca Del Penedes-based wholesaler of constructionmaterials, from Cementos Molins SA and Materiales para la Construccion Can Prunera SA. Concurrently, SG acquired the entire share capital of Ramon Tomas SL.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of CanPrunera SA, a Vilafranca Del Penedes-based wholesaler of construction materials, from Cementos Molins SA and Materiales para laConstruccion Can Prunera SA. Concurrently, SG acquired the entire share capital of Ramon Tomas SL.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000005039:Construction materials, nec5269002ParisFrance3231ForeignPublicSGO2819:Industrial inorganic chemicals, nec3241:Cement, hydraulic3274:Lime5032:Brick, stone, and related construction materials216130001BarcelonaSpain3241ForeignPublicMOL0.000000.000000.000000.00000Deal InformationTF Mergers & AcquisitionsSPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of Ramon Tomas SL, an Alcarras-based wholesaler of construction materials. Concurrently, SG acquired the entire share capital of Can Prunera SA.9/10/2008 2:53:48 PM78954W75553A78958575553ASaint Gobain Distribucion Construccion SLRamon Tomas SLCie de Saint-Gobain SARamon Tomas SLhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Saint_Gobain_Distribucion_acquires_Ramon_Tomas_SL-2010595040sdc/20105950402010595040Copyright © 2008, Thomson Financial, All Rights ReservedWholesale Trade-Durable GoodsSpainConstruction materials, nec5039FFForeignSubsidiary5039:Construction materials, nec3211:Flat glass3231:Glass products, made of purchased glass3251:Brick and structural clay tile3291:Abrasive products5032:Brick, stone, and related construction materials5033:Roofing, siding, and insulation materialsWholesale Trade-Durable GoodsSpainConstruction materials, nec5039FFForeignPrivate1039310001Mnfr,whl glass,abrasive prodWhl constr materialsUnspecifiedStock1039314001Sep 10 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000Saint Gobain DistribucionConstruccion SL, located inMadrid, Spain, wholesalesconstruction materialsincluding glass. The companywas founded on June 30, 2000.Saint Gobain Distribucion Construccion SL, located inMadrid, Spain, wholesales construction materials includingglass. The company was founded on June 30, 2000.Saint Gobain Distribucion Construccion SL, located in Madrid, Spain, wholesales construction materials including glass. The company was founded on June 30, 2000.1.000002.000003.000004.000005.000006.000007.00000Ramon Tomas SL, located inAlcarras, Spain, wholesalesconstruction materialsincluding faucets, flooring,kitchen and bathroomconstruction materials. Thecompany was founded in 1969.Ramon Tomas SL, located in Alcarras, Spain, wholesalesconstruction materials including faucets, flooring, kitchenand bathroom construction materials. The company was foundedin 1969.Ramon Tomas SL, located in Alcarras, Spain, wholesales construction materials including faucets, flooring, kitchen and bathroom construction materials. The company was founded in 1969.0.000000.000000.000000.00000Y08 Sep 08Mon, 08 Sep 2008 00:00:00 ESTDate Announced: 09/08/200808 Sep 08Date Effective: 09/08/200808 Sep 08MergerFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.00000SPAIN - Saint GobainDistribucion Construccion SL(SG), a unit of Cie deSaint-Gobain SA, acquired theentire share capital of RamonTomas SL, an Alcarras-basedwholesaler of constructionmaterials. Concurrently, SGacquired the entire sharecapital of Can Prunera SA.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of Ramon Tomas SL, an Alcarras-based wholesaler of construction materials. Concurrently, SG acquired the entire share capital of Can Prunera SA.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA,acquired the entire share capital of Ramon Tomas SL, an Alcarras-based wholesaler ofconstruction materials. Concurrently, SG acquired the entire share capital of Can PruneraSA.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of Ramon Tomas SL, an Alcarras-based wholesaler of construction materials.Concurrently, SG acquired the entire share capital of Can Prunera SA.SPAIN - Saint Gobain Distribucion Construccion SL (SG), a unit of Cie de Saint-Gobain SA, acquired the entire share capital of RamonTomas SL, an Alcarras-based wholesaler of construction materials. Concurrently, SG acquired the entire share capital of Can Prunera SA.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000005039:Construction materials, nec5269002ParisFrance3231ForeignPublicSGO5039:Construction materials, nec1039314001Spain5039ForeignPrivate0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/fitch/398690_report_framefitch/398690_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Saint Gobain S.A.803612888/29/2008 10:19:00 AM01000000010300000103090001030901425Full Rating ReportSGO398690_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/428637_pr_framefitch/428637_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AB ElectroluxAB VolvoAir Liquide S.A.Akzo Nobel N.V.Arcelik A.S.BAE Systems plcBASF SECemex Espana S.A.Ciba Holding Inc.Cognis GmbhCompagnie Financiere Michelin (CFM)Continental AGCRH plcDaimler AGEurochem Mineral And Chemical Company JscEuropean Aeronautic Defence and Space Co., (EADS)Fiat SpAFinmeccanica SpAFord Otosan A.S.GKN Holdings plcHeidelbergCement AGHolcim LtdKazanorgsintez JSCKoninklijke DSM N.V.Lafarge S.A.Lanxess AGLyondellBasell Industries AF S.C.ANizhnekamskneftekhimOAO Kontsern StirolPetkim Petrokimya Holding A.S.Pfleiderer AGPSA Peugeot Citroen S.A.Renault SARhodia S.A.Robert Bosch GmbHRolls Royce Group plcSABIC Europe BVSaint Gobain S.A.Saudi Basic Industries Corporation (SABIC)SIBUR Holding OJSCSolvay SAThales S.A.Vestel Elektronik Sanayi ve TicaretVolkswagen AG80090305803595788035994380360000803602128036051580360517803605248036070880360751803611538036126680361286803612888036133980361368804609688050441880506592806221928063842281023431819133198207994882291694823062948250791682557725828287258303273183209014832242718325412083309480834888718361246583746465837718658383786583942865839596668401726984667073847482708/7/2008 2:20:00 PM01000000010300000103060001030900010309010103110001031300010313010103130201031400010315000103170385Press Release012053131902010AIAKZAARCLKBABASCIBNCONCRHDAIDSMEADELUX BFFNCHEIHOHOLNKZOSLXSNKNCPETKMPFD4RHARRSGOSOLBSTIRUGVESTLVOLV AVOW428637_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/cs/72440cs/72440norm High Value Names In A Highly Volatile Environment As the difficult times in investment markets continue, we once again filter our coverage universe for defensive names across a breadth of sectors that offer appeal at current levels...724404094YesD0Article10127629306705808356623031206237136871420212046141741351141594442338585149046010240315821432550472871287159997199336238895545116985hystrategy2931338221413093260416515283872351789Strategy Most Read Research7/30/2008 11:05:00 PM150As the difficult times in investment markets continue, we once again filter our coverage universe for defensive names across a breadth of sectors that offer appeal at current levels72440Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1893804ccbn/T1893804norm... - Saint-Gobain - CEOGood afternoon. We'll present, Benoit Bazin and myself, the results for the first half. I'll start with the summary, the highlights, then Benoit will go into more details on the group results, and then I'll come back and talk about strategy, even though in terms of strategy, I think I explained quite in detail on several occasions what are the results. So, the view is not changing, so I will concentrate more on the priorities for action in the framework of our strategy, and then on the #### outlook and objectives. So, you have seen the numbers. Sales EUR##.# billion, #.#% above last year, #.#% at constant exchange rate. Operating income, EUR# billion, minus #.#% at actual rate, but minus #.#% at constant exchange rate, and the recurring net income of EUR#.# billion, #.#% above the first half of ####. All in all, I think it's quite a solid performance. You need to remember, I'm sure you know, that the first half of #### was extremely high, plus ##% reporting income,... 7/28/2008 11:52:00 PMSaint Gobain SA54.0000FinalInterim 2008 Saint Gobain SA Earnings Presentation TranscriptSGO1:30pm CETTranscriptT1893804Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/427316_pr_framefitch/427316_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Saint Gobain S.A.803612887/28/2008 2:15:00 PM0100000001030000010309000103090185Press ReleaseSGO427316_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_109504moodys/PBC_109504pdf...Headquartered in Paris, Compagnie de Saint-Gobain ( Saint-Gobain ), rated Baa#/Prime-#, is a diversified global buil ding materials company with operations in more than ## countries and revenues of ## billion in ####. As at mid-####, Saint- Gobain had a market capitalisation of roughly ## billion. Saint-Gobain currently operates in five business sectors: Building Distribution, Construction Products, High Performance Materials, Flat Glass and Packaging Products. The company generally ranks among the top three players in its various markets. Since Saint-Gobain first entered the building materials distribution business in ####, the company has been transformed mainly through acquisitions from a glass producer into a widely diversified producer and distributor of building materials and high performance materials. Over the last ## years, sales have more than doubled as a result of its external growth strate gy. The cornerstones of the group s future growth plans are the building... 6/17/2008 12:17:28 PMpdfCompagnie de Saint-GobainCompagnie de Saint-Gobain192720300.0000AnalysisAnalysisPBC_109504Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/653829spcred/653829normThe latest Summary from S&Pglobal6/13/2008 4:27:25 AM175Summary653829FranceBuilding ProductsAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersCorporationsHealth CareBuilding MaterialsConsumer ProductsHigh TechnologySummaryThe ratings on France-based Compagnie de Saint-Gobain reflect its strong business profile, underpinned by a broad business mix and geographic diversity. Also supporting the ratings are the group's very large size and solid positions in--and strategic focus on--activities mainly subject only to local or regional competition, as well as exposure to more stable refurbishment end-markets and growing energy-saving applications. Mitigating these strengths are the group's aggressive capital spending strategy and moderate financial policy, exposure to energy and raw material input costs, and increasing reliance on cyclical housing markets. The group is also involved in asbestos-related litigation in the U.S. Saint-Gobain holds worldwide and European leadership positions in diversified industries, including glass for building and automotive, high-performance materials, construction products (gypsumFRA20428020428J20428L20428MF2005M20102010 201020 2010 20Compagnie de Saint-Gobain112469ASIAEMERGINGEUROMIDAFRLATAMERICAUSACOD@LNSUMMARYFRA20105010 201050 2010 20Wendel364569EUROMIDAFRMF@FPGLOBISSCORPHealthBuildingConsumerHighCredit & Investment ResearchS&P Credit ResearchJAPAN - Saint-Gobain KK, a unit of Saint-Gobain Group, acquired a ##.#% stake in MAG Co Ltd, a manufacturer and wholesaler of fiber-glass insulators, for #.## bil Japanese yen (##.### mil EURO) from Nippon Sheet Glass Co Ltd.6/10/2008 2:27:08 PM78961K61978F78958561978FSaint-Gobain KKMAG Co LtdCie de Saint-Gobain SAMAG Co Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Saint_Gobain_KK_acquires_a_minority_stake_in_MAG_Co_Ltd-1984821040sdc/19848210401984821040Copyright © 2008, Thomson Financial, All Rights ReservedStone, Clay, Glass, and Concrete ProductsJapanGlass products, made of purchased glass3231FFForeignSubsidiary3211:Flat glass3231:Glass products, made of purchased glass3251:Brick and structural clay tile3291:Abrasive products5032:Brick, stone, and related construction materials5033:Roofing, siding, and insulation materials3211:Flat glass3231:Glass products, made of purchased glass3251:Brick and structural clay tile3291:Abrasive products5032:Brick, stone, and related construction materials5033:Roofing, siding, and insulation materialsWholesale Trade-Durable GoodsJapanConstruction materials, nec5039FFForeignPrivate1014888001Mnfr,whl glass,abrasive prodWhl,mnfr fiber-glass insulatorCashCash OnlyStock746096001Jun 10 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000Saint-Gobain KK, headquarteredin Tokyo, Japan, manufacturesand wholesales glass andabrasive products includingceramics, plastics, andrelated products. The companywas founded in 1975.Saint-Gobain KK, headquartered in Tokyo, Japan, manufacturesand wholesales glass and abrasive products includingceramics, plastics, and related products. The company wasfounded in 1975.Saint-Gobain KK, headquartered in Tokyo, Japan, manufactures and wholesales glass and abrasive products including ceramics, plastics, and related products. The company was founded in 1975.1.000002.000003.000004.000005.00000MAG Co Ltd, headquartered inTokyo, Japan, manufactures andwholesales fiber-glassinsulators. The company wasfounded in 1987.MAG Co Ltd, headquartered in Tokyo, Japan, manufactures andwholesales fiber-glass insulators. The company was foundedin 1987.MAG Co Ltd, headquartered in Tokyo, Japan, manufactures and wholesales fiber-glass insulators. The company was founded in 1987.0.000000.000000.000000.00000YJapanese Yen06 Jun 08Fri, 06 Jun 2008 00:00:00 ESTDate Announced: 06/06/200806 Jun 08Date Effective: 06/06/200806 Jun 08Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.000001750 Japanese Yen1750.000000.000001750 Japanese Yen1750.0000043.6000043.600000.000000.000001750.000001750 Japanese Yen0.01000N8.466000.000000.000000.000000.000000.0000016.6830016.683000.000000.000000.000000.000000.000000.000000.0000043.600000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.00000JAPAN - Saint-Gobain KK, aunit of Saint-Gobain Group,acquired a 43.6% stake in MAGCo Ltd, a manufacturer andwholesaler of fiber-glassinsulators, for 1.75 bilJapanese yen (10.574 mil EURO)from Nippon Sheet Glass CoLtd.JAPAN - Saint-Gobain KK, a unit of Saint-Gobain Group, acquired a 43.6% stake in MAG Co Ltd, a manufacturer and wholesaler of fiber-glass insulators, for 1.75 bil Japanese yen (10.574 mil EURO) from Nippon Sheet Glass Co Ltd.JAPAN - Saint-Gobain KK, a unit of Saint-Gobain Group, acquired a 43.6% stake in MAG CoLtd, a manufacturer and wholesaler of fiber-glass insulators, for 1.75 bil Japanese yen(10.574 mil EURO) from Nippon Sheet Glass Co Ltd.JAPAN - Saint-Gobain KK, a unit of Saint-Gobain Group, acquired a 43.6% stake in MAG Co Ltd, a manufacturer and wholesaler of fiber-glass insulators, for 1.75 bil Japanese yen (10.574 mil EURO) fromNippon Sheet Glass Co Ltd.JAPAN - Saint-Gobain KK, a unit of Saint-Gobain Group, acquired a 43.6% stake in MAG Co Ltd, a manufacturer and wholesaler of fiber-glassinsulators, for 1.75 bil Japanese yen (10.574 mil EURO) from Nippon Sheet Glass Co Ltd.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003296:Mineral wool5033:Roofing, siding, and insulation materials5039:Construction materials, nec5269002ParisFrance3231ForeignPublicSGO3296:Mineral wool5033:Roofing, siding, and insulation materials5039:Construction materials, nec746096001Japan5039ForeignPrivate16.683001750.0000016.683008.46600Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/cs/69420cs/69420norm St Gobain FY## Tearsheet Saint Gobain is the largest (by some distance) and most diversfied (by sector) of the European building materials producers.However the credit has been pressured of late by aggressive acquisitional expansion,...69420621YesC21Tearsheet2021tearsheets/premium39372615/27/2008 2:05:38 PM15069420Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/50966cs/50966norm European Building Materials #### Outlook: Part I - Sector Trends In this report, we discuss the fundamental economic outlook for ####, review M&A activity and event risk, analyse the sector's equity performance, talk about the near...1960corphy7819372461393724Asbestos42High Yield21Sector Outlooks5/19/2008 6:49:20 PM150CreditSights expects the 2006 themes to continue into 2007, but with a more muted construction outlook. We maintain our Marketweight recommendation on the European Building Materials Sector.509667149YesD0Article1368202120481012195120341961101950966Credit & Investment ResearchCreditSightsUK - Saint-Gobain Building Distribution Ltd (SG), a unit of Cie de Saint-Gobain SA, agreed to launch a tender offer to acquire the entire ordinary share capital of Gibbs & Dandy PLC (GD), a Luton-based wholesaler of construction materials, for #.## British pounds ($#.### US) in cash per share, or a total value of ##.### mil pounds ($##.### mil). SG received irrevocable undertakings to accept the offer with respect to ##.##% of GD's entire ordinary share capital. The offer was conditioned upon at least ##% of shares being tendered. Upon declaration of being unconditional in all respects, SG was to exercise its rights to compulsorily acquire all remaining shares not tendered pursuant to the offer and apply for the delisting of GD shares from the London Stock Exchange. The transaction was subject to regulatory approval.5/9/2008 1:23:01 PM78960F37462L78958537462LSaint-Gobain Building Distribution LtdGibbs & Dandy PLCCie de Saint-Gobain SAGibbs & Dandy PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Saint_Gobain_Building_acquires_Gibbs_Dandy_PLC-1975974040sdc/19759740401975974040Copyright © 2008, Thomson Financial, All Rights ReservedWholesale Trade-Durable GoodsUnited KingdomLumber, plywood, millwork, and wood panels5031FFForeignSubsidiary5031:Lumber, plywood, millwork, and wood panels5039:Construction materials, nec5051:Metals service centers and offices5085:Industrial supplies3211:Flat glass3231:Glass products, made of purchased glass3251:Brick and structural clay tile3291:Abrasive products5032:Brick, stone, and related construction materials5033:Roofing, siding, and insulation materialsLondonWholesale Trade-Durable GoodsUnited KingdomHardware5072FFForeignPublicGDYA114072003Mnfr,whl glass,abrasive prodWhl constr materialsCashCash OnlyOrdinary Share279519001May 9 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.00000Saint-Gobain BuildingDistribution Ltd, located inLondon, UK, wholesalesbuilding materials such aslumber, plywood andconstruction materials,ceramics, plastics, abrasives,flat glass, insulation andpipes. The group operates morethan 850 outlets. Its two mainbanners are the 440-plus storeJewson chain and the 175-storeGraham chain.Saint-Gobain Building Distribution Ltd, located in London,UK, wholesales building materials such as lumber, plywoodand construction materials, ceramics, plastics, abrasives,flat glass, insulation and pipes. The group operates morethan 850 outlets. Its two main banners are the 440-plusstore Jewson chain and the 175-store Graham chain.Saint-Gobain Building Distribution Ltd, located in London, UK, wholesales building materials such as lumber, plywood and construction materials, ceramics, plastics, abrasives, flat glass, insulation and pipes. The group operates more than 850 outlets. Its two main banners are the 440-plus store Jewson chain and the 175-store Graham chain.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.00000Gibbs & Dandy PLC, located inLuton, UK, wholesalesconstruction materials such asbuilding and plumbingmaterials, timber, joinery,paint, glass and electricalfittings to customers varyingin size from major developersand local authorities to soletraders and home improvers.Major products includebuilding materials, tools andindustrial supplies, pavingand fencing, ironmongery,glass, electrical, plumbingand heating, decorativeproducts, timber and joinery,and bathrooms and kitchens.The company was founded on1920.Gibbs & Dandy PLC, located in Luton, UK, wholesalesconstruction materials such as building and plumbingmaterials, timber, joinery, paint, glass and electricalfittings to customers varying in size from major developersand local authorities to sole traders and home improvers.Major products include building materials, tools andindustrial supplies, paving and fencing, ironmongery, glass,electrical, plumbing and heating, decorative products,timber and joinery, and bathrooms and kitchens. The companywas founded on 1920.Gibbs & Dandy PLC, located in Luton, UK, wholesales construction materials such as building and plumbing materials, timber, joinery, paint, glass and electrical fittings to customers varying in size from major developers and local authorities to sole traders and home improvers. Major products include building materials, tools and industrial supplies, paving and fencing, ironmongery, glass, electrical, plumbing and heating, decorative products, timber and joinery, and bathrooms and kitchens. The company was founded on 1920.0.000000.000000.0000010.12000YBritish Pound07 May 08Wed, 07 May 2008 00:00:00 ESTDate Announced: 05/07/2008Date Effective:MergerFriendly0.000000.000000.000000.000000.000004.25000Price/Share0.0000043.009 British Pound43.0090043.0090043.009 British Pound43.009000.000000.000008.386008.3860043.0090043.009 British Pound1.97300N43.009000.789000.000000.000000.789000.0000084.8610084.861000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000007.744007.797007.505000.000000.000000.000000.000000.000000.000000.0000075.876000.000000.000000.000000.000000.00000