FBM - American Securities LLC will acquire all outstanding shares of Foundation Building Materials for $19.25 per share
Foundation Building Materials (FBM) enters an agreement under which an affiliate of American Securities LLC, will acquire all outstanding shares of FBM for $19.25 per share in an all-cash transaction valued at ~$1.37B, including outstanding debt.Upon completion of the transaction, FBM will become a privately held company.FBM shareholders to receive $19.25 per share in cash.The transaction was unanimously approved by the FBM Board of Directors, represents a premium of ~27% to the closing price of FBM common stock on Nov. 13, 2020.
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American Securities LLC will acquire all outstanding shares of Foundation Building Materials for $19.25 per share