Merger activity decreased last week with one new deal announced and one deal completed.
In spite of just a single deal announced last week, the month of August has been the most active month with respect to M&A activity this year.
Headquartered in Raliegh, North Carolina, BMC Stock Holdings (BMCH) has a comprehensive portfolio of products and solutions consisting of building materials. On August 27, the company agreed to combine with Builders FirstSource (BLDR) in an all stock deal worth $2.43 billion, creating one of the premier suppliers of building materials and services in the country. This deal comes at a time when lumber prices and home improvement retailers like Home Depot are at all time highs. Low interest rates and the need for space as more people work from home for extended periods of time is driving a surge in home buying and as a result higher demand for home building and remodeling products.
You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There was one new deal announced in the Deals in the Works section last week.