Aug 27 (Reuters) – U.S. residential building materials maker Builders FirstSource Inc said on Thursday it has agreed to buy smaller rival BMC Stock Holdings Inc in an all-stock deal.
BMC shareholders will receive 1.3125 shares of Builders FirstSource stock for each BMC share. Builders FirstSource’s offer of $36.63 represents a premium of nearly 14% to BMC’s Wednesday’s close.
The combined company will have a market capitalization of $5.44 billion.
Reporting by Ankit Ajmera in Bengaluru; Editing by Aditya