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Boral Ltd. consummated a $2.6 billion takeover of Headwaters Inc. following FTC clearance, forming a new division Boral North America with $1.8 billion in annual sales.
Boral has received final US approval for its $2.6 billion acquisition of Headwaters Inc., which will merge with Boral's US business to form Boral North America.
Boral Ltd, Australia's biggest supplier of building materials, agreed to buy Headwaters Inc for $1.8 billion in cash, doubling its U.S. presence.
Boral Limited will acquire Headwaters Incorporated for US$24.25 per share in cash, representing an enterprise value of approximately US$2.6 billion, creating a leading supplier of building products and construction materials.