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      "kind": "callout",
      "text": "GCP announces its sale to Saint-Gobain for $32.00 per share, a 39% premium to the company's unaffected share price",
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      "text": "Receives multiple unsolicited inbound indications of interest that led to a highly competitive bidding process; note that the prior Board had failed to generate meaningful interest in a highly-public sale process",
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      "text": "The Board oversees and helps management navigate significant COVID-related headwinds... Company beat consensus estimates for Revenue and Adjusted EBIT in every quarter during this period",
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      "text": "Following a comprehensive search process, GCP announces the appointment of Simon Bates as CEO",
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      "text": "Starboard along with its independent directors stabilized a terribly mismanaged business and laid out a credible plan to improve financial performance, which ultimately resulted in a successful and value enhancing sale of the company to a highly complementary strategic acquiror.",
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      "text": "Below is a factual timeline of Starboard's engagement with GCP from the 2020 Annual Meeting through December 2021 when GCP announced its sale to Saint-Gobain.",
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      "text": "Timeline of Starboard's Engagement With GCP (cont'd.)",
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