Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Cornerstone Building Brands Stock Soars After CD&R Bids For The Remaining Stake

Cornerstone Building CNR NYSE
  • Cornerstone Building Brands Inc (NYSE:CNR) has received a non-binding proposal from funds affiliated with Clayton, Dubilier & Rice, LLC to acquire all its outstanding shares of common stock for $24.65 in cash per share.
  • The offer price represents a 34% premium to Friday's closing price of $18.40.
  • CD&R already owns ~49% of Cornerstone Building's shares.
  • The board of directors has previously formed a special committee of independent directors to evaluate the proposal from CD&R and any other alternative suggestions or other strategic alternatives available to the company.
  • Price Action: CNR shares are trading higher by 21.9% at $22.44 on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
New Fear Unlocked As Experts Warn About Hidden Needle Marks In Public Restrooms Toilet Paper
Experts warn that the tiny marks on toilet paper in public restrooms might be left by substance users wiping and stabbing their needles into them. Folks are absolutely horrified! The post New Fear Unlocked As Experts Warn About Hidden Needle Marks In Public Restrooms Toilet Paper first appeared on Bored…
Bored Panda
Bored Panda
White Lotus fans celebrate after unexpected star’s brief full-frontal nude scene
‘I did not have this on my bingo card,’ joked one fan
The Independent UK
The Independent UK
Barometer! Buck teeth are back, thank you Aimee Lou Wood
What’s hot... and what’s not — keep up with Joe Bromley’s weekly barometer
Evening Standard
Evening Standard
Britney Spears reveals her bathroom has burned down: 'I'm tired of making sense of things...'
Britney Spears' bathroom has burned down and she is "tired of trying to make sense" of things.
BANG Premier
BANG Premier
This Common Lifestyle Habit In Preteens May Trigger Manic Symptoms, Researchers Find
A recent study revealed that excessive screen use in preteens through texting, watching videos, or playing video games could trigger manic symptoms in them.
Medical Daily
Medical Daily
Man Tries To Get His GF Back After Internet Convinces Him He’s Wrong, He Makes It Worse
A man is left in regret after disparaging his girlfriend's prolonged grief after losing her pet dog. The post Man Tries To Get His GF Back After Internet Convinces Him He’s Wrong, He Makes It Worse first appeared on Bored Panda.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play