Continental Building Products to be Acquired by Saint-Gobain
November 12 2019 - 4:11PM
Dow Jones News
By Maria Armental
Continental Building Products Inc. (CBPX) has reached a deal to
be acquired by France's Compagnie de Saint-Gobain SA (SGO.FR), the
Virginia-based company said Tuesday.
Under the terms of the deal, Continental would be merged into a
newly formed subsidiary of Saint-Gobain, and the French
multinational would pay $37 a share.
Continental's stock was boosted by a Bloomberg report on the
deal, closing Tuesday at $35.75, up 12%.
Continental went public in 2013.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
November 12, 2019 16:56 ET (21:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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