Stock building supply buyout

Terms of the deal call for Raleigh, N.

Jeff Rea, current Stock Building CEO , will remain on the board of the combination, which will continue to use both brands post-close. More deals could follow: The companies said they would benefit from "a strong balance sheet" that will support "long-term strategic growth in a highly fragmented industry. The deal is the second large transaction among construction material suppliers in recent weeks, as companies try to take advantage of a recovery in the U.

Building Materials sought bankruptcy protection during the mortgage crisis, exiting Chapter 11 protection in January under control of its senior lenders. The company is currently controlled by a consortium including Davidson Kempner Capital Management LP, Ravenswood Investment Management and MFP Partners. Stocks with insider trader activity include COP, STCK and AGIO.

Trade-Ideas LLC identified Stock Building Supply Holdings STCK as a weak on high relative volume candidate. The companies said that with the recession behind them the time has come to focus on growth.

Originally published on June 3, at Action Alerts PLUS is a registered trademark of TheStreet, Inc. You are using an outdated browser.

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Raleigh-based Stock Building Supply merging with Atlanta company | News & Observer

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Jun 3, Prev 0 of 2 Next. Dec 18, Weak On High Volume: Stock Building Supply Holdings STCK Trade-Ideas LLC identified Stock Building Supply Holdings STCK as a weak on high relative volume candidate.

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