Builders FirstSource, Inc.
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BUILDERS FIRSTSOURCE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF BUILDERS FIRSTSOURCE IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM
August 27, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether Builders FirstSource, Inc. (NASDAQ: BLDR) and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with Builders FirstSource’s proposed merger with BMC Stock Holdings, Inc.
Under the terms of the agreement, BMC shareholders will receive a fixed exchange ratio of 1.3125 shares of Builders FirstSource common stock for each share of BMC common stock. Upon completion of the merger, existing Builders FirstSource shareholders will own approximately 57% and existing BMC shareholders will own approximately 43% of the combined company on a fully diluted basis. The transaction requires the approval of shareholders of both Builders FirstSource and BMC.
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