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Stock impact report

Quanex Building Products to Acquire Tyman, Creating a Comprehensive Solutions Provider in the Building Products Industry [Yahoo! Finance]

Quanex Building Products Corporation (NX) 
Last quanex building products corporation earnings: 12/11 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.quanex.com
Company Research Source: Yahoo! Finance
Significantly Enhances Scale and Global Reach, Positioning Combined Company for Profitable Growth and Value Creation Delivers Material EPS Accretion in First Fiscal Year Post Close; Approximately $30 Million in Annual Run-Rate Cost Synergies Anticipated Investor Conference Call Scheduled for Today at 8:30 a.m. ET / 7:30 a.m. CT / 1:30 p.m. BST HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced it has reached agreement with Tyman plc (LSE:TYMN) (“Tyman”) on the terms of a recommended cash and share offer (“the Acquisition”), under which Quanex will acquire the entire issued and to be issued share capital of Tyman for approximately $1.1 billion in enterprise value. Quanex's Acquisition of Tyman creates a comprehensive solutions provider in the building products industry, which on a pro forma basis generated approximately $2 billion of revenue in the fiscal year ended October 31, 2023 . Tyman Show less Read more
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