Stifel Downgrades Headwaters (HW) to Hold

Go back to Stifel Downgrades Headwaters (HW) to Hold

Jefferies Downgrades Headwaters (HW) to Hold Pending Takeover

November 25, 2016 7:49 AM EST

Jefferies downgraded Headwaters (NYSE: HW) from Buy to Hold with a price target of $24.25 amid takeout.

Analyst Philip Ng commented, "We are Downgrading HW to Hold after the announcement that the company will be acquired by Boral (BLD-AU) for $24.25 per share, which... More

Boral to Acquire Headwaters (HW) in $2.6B Deal

November 21, 2016 6:00 AM EST

Headwaters, Inc. (NYSE: HW) 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 enterprise value of approximately US$2.6 billion (Acquisition).

Boral is Australia's largest building and construction materials supplier and has an existing presence in the North American building and construction materials industry, with strong positions in bricks, concrete and clay roof tiles, manufactured stone and fly ash, and a developing light building... More