BXC - BlueLinx Holdings: Cedar Acquisition Would Significantly Expand the Revenue Base

BlueLinx Holdings (NYSE: BXC) stock price jumped 77% in a single day following the announcement of Cedar acquisition for $413 million — BlueLinx agreed to pay $345M in cash and $68M as the agreed value of the capital leases. BXC stock price has hit $32 in Monday trade, and BXC extended its uptrend today. It hit the new 52-week high of $33 today.

The acquisition will allow BlueLinx to boost its position in the building products wholesale industry, amid better product offerings, including distribution footprint of 70 national locations servicing 40 states and over 50,000 branded ...