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roger wilco

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roger wilco

Re: $treet $inatra post# 41

Monday, 03/12/2018 11:33:44 AM

Monday, March 12, 2018 11:33:44 AM

Post# of 111
BlueLinx soars after acquiring Cedar Creek

BlueLinx (BXC +50.4%) announces that it's acquiring building products wholesale distributor Cedar Creek for $413M.

The purchase price will consist of ~$345M in cash and ~$68M as the agreed value of the capital leases.

The transaction is expected to be completed within 45 days.

The company anticipates that the addition of Cedar Creek will create a leading building products wholesale distributor with one of the largest product offerings in the building products industry, including over 50K branded and private-label SKUs, and a distribution footprint of 70 national locations servicing 40 states.

$50M of annual cost savings are expected within 18 months.

https://seekingalpha.com/news/3338348-bluelinx-soars-acquiring-cedar-creek?uprof=75&dr=1#email_link

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