Builders FirstSource to merge with BMC Stock Holdings

Builders FirstSource and BMC Stock Holdings have entered into a definitive all-stock merger agreement to create the nation's premier supplier of building materials and services. The combined company will be owned 57% by Builders FirstSource shareholders and 43% by BMC shareholders.

“This is a transformational opportunity that unites two outstanding and complementary companies, providing enhanced scale and superior returns as we build upon a new, larger platform.”globenewswire.com

• 2 sources
• globenewswire.comBuilders FirstSource to Combine with BMC Stock Holdings,Builders FirstSource, Inc.Aug 27, 2020
• reuters.comBuilders FirstSource to buy rival BMC in bet on U.S. housing market recoveryAug 27, 2020

Summarized from public sources; check the original articles before acting on it.