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Administration December 4, 2004
Grace Reveals K Plan Co. Stock Sale
April 12, 2004 (PLANSPONSOR.com) - The investment
manager and independent fiduciary for the company stock fund
in W.R. Grace & Co.'s 401(k) plan has sold "substantially
all" of the plan's Grace shares to a single buyer.
Reported by Fred Schneyer
According to a Grace news release, the word about the stock sale at $3.50 per share came from State Street Bank and Trust Company. Neither the number of shares involved or the identity of the buyer were disclosed in the announcement.
Grace is a global supplier of catalyst and silica products, specialty construction chemicals, building materials, and sealants and coatings. With annual sales of approximately $2 billion, Grace has more than 6,000 employees and operations in nearly 40 countries.
For more information, go to www.grace.com .