BPB/Saint Gobain Plaster dust-up

Plaster has rarely been so quick-setting. It only took a few minutes for the board of directors of UK plaster maker BPB to reject a 720p per share offer from Saint Gobain, according to people close to the situation. That was Monday afternoon. By Wednesday morning BPB put out a statement confirming that the bid had been rejected and also announced a share buyback and a 44% dividend increase. A few hours later, the French material conglomerate decided to go over the board’s head with a hostile off...