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DA Davidson Downgrades Headwaters (HW) to Neutral

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Headwaters Incorporated Enters into Definitive Merger Agreement to Be Acquired by Boral Limited

November 20, 2016 4:46 PM EST

Transaction valued at US$24.25 per share in cash representing aggregate enterprise value of approximately US$2.6 billion Creates one of the leading suppliers of high-quality building products and construction materials

SOUTH JORDAN, Utah & SYDNEY--(BUSINESS WIRE)-- HEADWATERS INCORPORATED (NYSE: HW), a building products company dedicated to improving lives through innovative advancements in construction materials, today announced that it has entered into a binding merger agreement with Boral Limited (BORAL: BLD:ASX) pursuant to which Boral will acquire Headwaters Incorporated for US$24.25 per share in cash, representing an aggregate... More