​​​
  1. Beacon to buy Roofing Supply Group in $1.1 bn deal

Beacon to buy Roofing Supply Group in $1.1 bn deal

Beacon Roofing Supply Inc said it would buy roofing products distributor Roofing Supply Group from investment firm Clayton, Dubilier & Rice in a deal valued at $1.1 billion.

By: | Published: July 28, 2015 1:30 AM

Beacon Roofing Supply Inc said it would buy roofing products distributor Roofing Supply Group from investment firm Clayton, Dubilier & Rice in a deal valued at $1.1 billion.

Roofing Supply shareholders will receive about $286 million in cash and $291 million of Beacon common stock, and Beacon will refinance about $565 million of Roofing Supply’s net debt.

The transaction is expected to add immediately to adjusted earnings, Beacon said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top