BlueLinx Responds to Misleading Public Statements by Bluefin Acquisitions
February 24 2020 - 6:15PM
BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of
building and industrial products in the United States (the
“Company”), today responded further to the recent misleading public
statements by an investment firm that goes by the name of Bluefin
Acquisitions, LLC. regarding its purported tender offer.
In two recent press releases, Bluefin Acquisitions claimed that
it was making, and then confirming, a tender offer to acquire at
least 35% of the Company’s common stock at a price of $24.50 per
share, and that Morrow Sodali LLC had been engaged as its
information agent. Bluefin Acquisitions went on to claim that
it would, in connection therewith, file related tender offer
materials with the U.S. Securities and Exchange Commission (“SEC”)
no later than today, Monday, February 24, 2020.
However, no tender offer materials have been filed with the
SEC. In addition, the Company understands that Morrow Sodali
has terminated its engagement with Bluefin Acquisitions and is no
longer serving as information agent in connection with the
purported offer.
The Company does not believe that this purported offer is, or
was, legitimate or credible. Moreover, the Company believes
that the purported offeror’s actions may be unlawful, and false and
misleading in violation of the U.S. securities laws, because they
failed to comply with the filing and disclosure requirements under
those laws.
We once again urge public investors to approach any further
communications from the purported offeror with caution, and to rely
only on tender offer materials that are properly filed with the
SEC.
About BlueLinx Holdings Inc.
BlueLinx (NYSE: BXC) is a leading wholesale distributor of
building and industrial products in the United States with over
50,000 branded and private-label SKUs, and a broad distribution
footprint servicing 40 states. BlueLinx has a differentiated
distribution platform, value-driven business model and extensive
cache of products across the building products industry.
Headquartered in Marietta, Georgia, BlueLinx has over 2,200
associates and distributes its comprehensive range of structural
and specialty products to approximately 15,000 national, regional,
and local dealers, as well as specialty distributors, national home
centers, industrial, and manufactured housing customers. BlueLinx
encourages investors to visit its website, www.BlueLinxCo.com,
which is updated regularly with financial and other important
information about BlueLinx.
Contacts
Susan O’Farrell, SVP, CFO & TreasurerBlueLinx Holdings
Inc.(770) 953-7000
Mary Moll, Investor Relations(866)
671-5138investor@bluelinxco.com
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements include, without limitation, any
statement that predicts, forecasts, indicates or implies future
results, performance, liquidity levels or achievements, and may
contain the words “believe,” “anticipate,” “expect,” “estimate,”
“intend,” “project,” “plan,” “will be,” “will likely continue,”
“will likely result” or words or phrases of similar meaning.
Forward-looking statements in this press release are based on
estimates and assumptions made by our management that, although
believed by us to be reasonable, are inherently uncertain.
Forward-looking statements involve risks and uncertainties that may
cause our business, strategy, or actual results to differ
materially from the forward-looking statements. These risks
and uncertainties include those listed under the heading “Risk
Factors” in Item 1A of our Annual Report on Form 10-K for the year
ended December 29, 2018, and those discussed in our Quarterly
Reports on Form 10-Q and in our periodic reports led with the SEC
from time to time. Given these risks and uncertainties, we
caution you not to place undue reliance on forward-looking
statements. We expressly disclaim any obligation to update or
revise any forward-looking statement as a result of new
information, future events or otherwise, except as required by
law.
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