HBP - Huttig Building Falls After Bidder Withdraws Buyout Proposal

Huttig Building Products (HBP) fell 3.7% after Mill Road Capital withdrew its offer to acquire the company, according to a regulatory filing.Mill Road writes that despite its willingness to ``significantly'' improve its most recent proposal on Oct. 14, it has reached the conclusion that ``constructive discussions'' are not possible and therefore it's terminating its proposalMill Road, one of HBP's biggest holders, in October raised its offer for the company to $4/shareAug. 7, Mill Road offered to buy Huttig for $2.75/share

For further details see:

Huttig Building Falls After Bidder Withdraws Buyout Proposal