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Stock Building Supply (STCK), Building Materials Holding Enter $1.5B Merger Agreement
June 3, 2015 6:16 AM EDTStock Building Supply (Nasdaq: STCK) and Building Materials Holding Corporation announced the signing of a definitive merger agreement under which the two companies will combine in an all-stock transaction. The combined company is expected to have an implied pro forma enterprise value of $1.5 billion based on Stock Building Supply's closing price on June 2nd.
The transaction will create a premier provider of lumber, diversified building products and construction services with over $2.7 billion in pro forma 2014 revenues and enhanced product and service offerings. The combined company will have expanded geographic reach in attractive, fast-growing regions... More
