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Huttig Building Products (HBP) approached by Mill Road Capital

  • August 10, 2020


StockHuttig Building Products, Inc.SymbolHBP
Date Announced08/07/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person Woodgrain Inc.
Date of Confirmation: 03/21/2022Price at Confirmation: $9.50
Potential Profit: 278.49%Annualized Profit: 171.99%

Mill Road Capital Offers $2.75 Per Share to Acquire Huttig Building Products, Inc. (HBP)


October 14, 2020: Mill Road proposed to acquire 100% of the outstanding shares of Huttig Building Products (HBP), not already owned by Mill Road for $4.00 per share representing a premium of 142% over the Company’s closing share price on August 6th, the date when the prior proposal was submitted.

October 13, 2021: Huttig Building Products, Inc. (HBP), a leading domestic distributor of millwork, building materials and wood products, today announced that its Board of Directors, consistent with its strategic review process and in consultation with its financial and legal advisors, has initiated a process to evaluate potential strategic alternatives to maximize shareholder value.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.