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Company:
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CORNERSTONE BUILDING BRAN ...
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Form Type:
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4
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Filing Date:
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11/23/2021
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CIK:
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0000883902
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Address:
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5020 WESTON PARKWAY
SUITE 400
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City, State, Zip:
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CARY, North Carolina 27513
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Telephone:
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(888) 975-9436
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Fiscal Year:
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10/29
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Description of Business
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On February 13, 2022, funds affiliated with Clayton Dubilier & Rice, LLC
("CD&R") submitted a non-binding proposal to acquire all of the Company's
outstanding shares of common stock that CD&R does not already own for a purchase
price of $24.65 in cash per share (the "CD&R Offer").
The CD&R Offer stated that any transaction would be subject to (i) approval by a
special committee ("Special Committee") of our independent directors? and (ii) a
vote in favor of the transaction by a majority of the voting power represented
by the shares of our common stock owned by stockholders not affiliated with
CD&R.
The board of directors of the Company (the "Board") previously formed a Special
Committee to evaluate and consider any potential or actual proposal from CD&R
and any other alternative proposals or other strategic alternatives that may be
available to the Company.
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