US Markets

Building materials maker Builders FirstSource to buy BMC Stock Holdings

Credit: REUTERS/DADO RUVIC

U.S. residential building materials maker Builders FirstSource Inc said on Thursday it has agreed to buy smaller rival BMC Stock Holdings Inc in an all-stock deal.

Aug 27 (Reuters) - U.S. residential building materials maker Builders FirstSource Inc BLDR.O said on Thursday it has agreed to buy smaller rival BMC Stock Holdings Inc BMCH.O in an all-stock deal.

BMC shareholders will receive 1.3125 shares of Builders FirstSource stock for each BMC share. Builders FirstSource's offer of $36.63 represents a premium of nearly 14% to BMC's Wednesday's close.

The combined company will have a market capitalization of $5.44 billion.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Aditya Soni)

((ankit.ajmera@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BLDR

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More