Headwaters on board with Boral merger offer
- Published: Monday, 21 November 2016 14:13
- Written by Concrete News
Sources: Headwaters Inc., South Jordan, Utah; Boral Ltd., Sydney; CP staff
A binding merger agreement announced Sunday, November 20, will unite the top two U.S. fly ash marketers and precast concrete stone veneer producers. Boral Ltd. will acquire Headwaters Inc. in a cash deal with enterprise value of approximately $2.6 billion; stockholders will receive $24.25 per share, a 21 percent premium to Headwaters’ November 18 closing price.