On May 1, 2018, USG Corporation announced that its Board of Directors has authorized management to commence negotiations with Gebr. Knauf KG regarding a potential sale of the Company. The Company stated that its Board remains committed to acting in the best interests of all shareholders and would evaluate all options to do so. The Company also stated that it has advised Gebr. Knauf that it is prepared to agree to a customary confidentiality agreement to facilitate sharing appropriate due diligence information.