Nucor to buy garage door maker C.H.I. Overhead from KKR in $3 billion deal [Reuters]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: Reuters
KKR, which acquired the North American manufacturer of overhead doors in 2015, said the sale will represent one of “largest returns in recent history” for the private equity firm. Meanwhile, all C.H.I. employees will receive a substantial cash payout on their equity in the company, KKR added. The deal is expected to close in June or shortly thereafter. C.H.I., which manufactures overhead doors that have residential as well as commercial applications, will retain its leadership team, including Chief Executive Officer Dave Bangert. “Acquiring C.H.I. is another step in our long-term strategy to expand into areas that are a natural extension of our business and leverage our efficient manufacturing mode,” Nucor CEO Leon Topalian said. Moelis & Company LLC served as Nucor's financial adviser and Moore & Van Allen PLLC its legal counsel. Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel
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NUE
News
- Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
- Earnings Miss: Nucor Corporation Missed EPS By 5.4% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 4/22/24 - Form 8-K
- 3/26/24 - Form 4
- 3/25/24 - Form 4
- NUE's page on the SEC website