HBP News and Press, Huttig Building Products Inc. From 04/18/22

Thoma Bravo continued its binge of software acquisitions last week by entering into an agreement to acquire SailPoint Technologies. Kaseya, a provider of unified IT management and security software, entered into a definitive agreement to acquire Datto Holdings for $6.2 billion. Wi...

NEW YORK, NY / ACCESSWIRE / March 31, 2022 / Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Anaplan, Inc. (NYSE:PLAN)'s sale ...

NEW YORK, NY / ACCESSWIRE / March 30, 2022 / Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Alleghany Corporation (NYSE:Y)'s ...

Woodgrain announced that its affiliate, HBP Merger Sub, commenced the previously announced cash tender offer for all of the issued and outstanding shares of common stock of Huttig Building Products (NASDAQ:HBP) at a price of $10.70/share, net to the seller, in cash. The tender offer is being ...

Berkshire Hathaway to acquire all outstanding Alleghany shares for $848.02 per share in cash, for a total equity value of approximately $11.6 billion. This is one of the five largest acquisitions in Berkshire's history and it ends Buffett's six-year drought of large acquisitions. ...

The management team at Huttig Building Products announced their decision to sell the company to Woodgrain Inc. in a deal valued at $10.70 per share. The move offers investors a nice immediate increase in price, but the overall transaction likely doesn't do the company justice. Inv...

NEW YORK, NY / ACCESSWIRE / March 23, 2022 / Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Alleghany Corporation (NYSE:Y)'s ...

FRUITLAND, Idaho and ST. LOUIS, March 21, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. (“Woodgrain”) and Huttig Building Products, Inc. (“Huttig,” or the “Company”) (NASDAQ: HBP) are pleased to announce a definitive agreement has been reached whereby Woo...

Huttig Building Products (NASDAQ:HBP) +10.7% post-market after disclosing in an 8-K filing that it agreed to be acquired by Woodgrain Inc. for $10.70/share, or ~$350M including the assumption of debt; shares resume trading after a halt. The acquisition price comes at a 12.6% premium to t...

The broader market is firmly in correction territory, while many stocks and sectors are in outright bear market territory, with the best example being high-growth, tech stocks. For example, the ARK Innovation ETF (ARKK) is down 43% YTD and off by 59% from its 52-week high in February 2021. Gi...