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0.00775862068965516 0.00862068965517238 0.0094827586206896 0.0105603448275861 0.103224137931034 0.254599137931034 0.19051724137931 0.24075
Stock impact report

BlueLinx soars after acquiring Cedar Creek [Seeking Alpha]

Bluelinx Holdings Inc. (BXC) 
Last bluelinx holdings inc. earnings: 3/10 05:16 pm Check Earnings Report
Company Research Source: Seeking Alpha
BlueLinx soars after acquiring Cedar CreekBlueLinx (BXC+50.4%) announces that it's acquiring building products wholesale distributor Cedar Creek for $413M.The purchase price will consist of ~$345M in cash and ~$68M as the agreed value of the capital leases.The transaction is expected to be completed within 45 days.The company anticipates that the addition of Cedar Creek will create a leading building products wholesale distributor with one of the largest product offerings in the building products industry, including over 50K branded and private-label SKUs, and a distribution footprint of 70 national locations servicing 40 states.$50M of annual cost savings are expected within 18 months.Source:Press ReleaseSee all stocks on the move »Now read:Bravo Brio Restaurant agrees to private equity takeover » Show less Read more
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