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HBP - Huttig Building Products jumps after Mill Road Capital raises offer price to $4.0/share
Huttig Building Products Inc.
Mill Road Capital, the largest shareholder (8.1%) of Huttig Building Products (HBP), +23% PM proposed to acquire 100% of the outstanding shares of the latter not already owned by Mill Road for $4.0/share in cash, indicating a ~66% premium over today’s (Oct. 14) closing.Previously: Huttig Building Products offered $2.75/share by Mill Road Capital (Aug. 7)