super7white
2022-02-14
Huat
Cornerstone Building Brands Jumps 25% After CD&R Confirms $24.65/share Bid
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The $24.65/share offer represents a 44% premium to CNR's share price on Feb. 9, the day before the Bloomberg repot hit.</p><p>CNR was created in 2019 through the merger between NCI Building Systems and Ply Gem Building Products. NCI and Ply Gem announced an all stock deal in July 2018.</p><p>Centerview Partners serving as financial advisor to the Special Committee.</p><p>Cornerstone Buildings is scheduled to report Q4 results on Feb. 21.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cornerstone Building Brands Jumps 25% After CD&R Confirms $24.65/share Bid</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCornerstone Building Brands Jumps 25% After CD&R Confirms $24.65/share Bid\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 21:36 GMT+8 <a href=https://seekingalpha.com/news/3799518-cornerstone-building-brands-jumps-after-cdr-confirms-2465share-bid><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cornerstone Building Products(NYSE:CNR)surged 25% after private equity firm Clayton, Dubilier & Rice confirmed it made a non-binding proposal to buy the remainderof the company is doesn't already own ...</p>\n\n<a href=\"https://seekingalpha.com/news/3799518-cornerstone-building-brands-jumps-after-cdr-confirms-2465share-bid\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3799518-cornerstone-building-brands-jumps-after-cdr-confirms-2465share-bid","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1121660806","content_text":"Cornerstone Building Products(NYSE:CNR)surged 25% after private equity firm Clayton, Dubilier & Rice confirmed it made a non-binding proposal to buy the remainderof the company is doesn't already own for $24.65/share.CD&R made the offer in a letter to the special committee of Cornerstone Building's board on Sunday, according to a a13D/A filing.CD&R is currently the beneficial owner of approximately 49% of the company’s outstanding shares, according to astatement.The filing confirms a Bloomberg report from last week that CNRwas evaluating making an offerto buy the remainder of the company it doesn't already own. The $24.65/share offer represents a 44% premium to CNR's share price on Feb. 9, the day before the Bloomberg repot hit.CNR was created in 2019 through the merger between NCI Building Systems and Ply Gem Building Products. NCI and Ply Gem announced an all stock deal in July 2018.Centerview Partners serving as financial advisor to the Special Committee.Cornerstone Buildings is scheduled to report Q4 results on Feb. 21.","news_type":1},"isVote":1,"tweetType":1,"viewCount":912,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/631554355"}
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