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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 11.36-1.9%3:59 PM EDT

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From: richardred11/21/2016 9:08:51 AM
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The start of a infrastructure acquisition trend ? Exactly why China's Zoomlion wanted TEX.
Still holding MNTX on this thought.

Australia's Boral Picks up U.S. Building Products Supplier Headwaters



Tom Terrarosa

TheStreet.comNovember 21, 2016

Building products provider Headwaters (HW) said Sunday that it has agreed to be acquired by Australian construction materials supplier Boral for $24.25 per share, or $2.6 billion, in cash. Per the terms of the agreement, Headwaters' shareholders will receive $24.25 per share in cash, representing a roughly 21% premium to the target's closing $20.09 per share stock price on Nov. 18, and a 34% premium over its 30-day volume-weighted average closing stock price through Nov. 18. The deal comes after a recent acquisition spree for South Jordan, Utah-based Headwaters, which scooped up Dallas-based vinyl and aluminum windows and patio doors manufacturer Krestmark Industries in August for $240 million.

finance.yahoo.com
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