February 14, 2022
CARY, NC–(BUSINESS WIRE)– 新加坡六合彩官方网站. (NYSE: CNR) (the 鈥淐ompany鈥�), the largest manufacturer of exterior building products in North America, acknowledges receipt of a non-binding, best and final proposal from funds affiliated with Clayton, Dubilier & Rice, LLC (鈥淐D&R鈥�) to acquire all of the Company鈥檚 outstanding shares of common stock that CD&R does not already own for $24.65 in cash per share. CD&R, in the aggregate, is currently the beneficial owner of approximately 49% of the Company鈥檚 outstanding shares of common stock. The board of directors of the Company (the 鈥淏oard鈥�) previously formed a special committee of independent directors (the 鈥淪pecial Committee鈥�) to evaluate and consider any potential or actual proposal from CD&R and any other alternative proposals or other strategic alternatives that may be available to the Company.
The Company cautions its stockholders and others considering trading in its securities that there can be no assurance that any definitive agreement will result from the proposal submitted by CD&R or that any transaction will be consummated in connection therewith. The Company and the Special Committee do not currently intend to comment further about this proposal unless and until a specific transaction is recommended by the Special Committee to, and approved by, the Board.
A copy of CD&R鈥檚 proposal letter, dated February 13, 2022, is available as an exhibit to CD&R鈥檚 statement of beneficial ownership on Schedule 13D/A as publicly filed today with the Securities and Exchange Commission.
Advisors
Centerview Partners LLC is serving as financial advisor to the Special Committee.
About 新加坡六合彩官方网站.
新加坡六合彩官方网站 Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. 新加坡六合彩官方网站 Building Brands鈥� broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play. For more information, visit us at.
Forward-Looking Statements
Certain statements and information in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 鈥渂elieve,鈥� 鈥渁nticipate,” 鈥済uidance,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥渆xpect,鈥� 鈥渟hould,鈥� 鈥渨ill,鈥� 鈥渇orecast,鈥� 鈥渢arget鈥� and similar expressions are forward-looking statements within the meaning of the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company鈥檚 current expectations, assumptions and/or beliefs concerning future events. As a result, these forward-looking statements rely on a number of assumptions, forecasts, and estimates and, therefore, these forward-looking statements are subject to a number of risks and uncertainties that may cause the Company鈥檚 actual performance to differ materially from that projected in such statements. Among the factors that could cause actual results to differ materially include, but are not limited to, those relating to whether any definitive offer will be made, whether the definitive offer will be accepted and approved, whether any agreement will be executed, or whether this or any other transaction will be consummated. In addition to these factors, we encourage you to review the 鈥淩isk Factors鈥� set forth in the Company鈥檚 Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the SEC, which identify important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements set forth in this document. The Company expressly disclaims any obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
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Investor Relations
Tina Beskid
Vice President, Finance and Investor Relations
1-866-419-0042
info@investors.cornerstonebuildingbrands.com
Source: 新加坡六合彩官方网站.
