Huttig Building Products (HBP) approached by Mill Road Capital

  • August 10, 2020

POTENTIAL DEAL DETAILS

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)

Update(s)

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.

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