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Woodgrain completes acquisition of Huttig Building Products; acquisition significantly increases Woodgrain’s distribution network, product offering, value-added services

Woodgrain extends previously announced tender offer for all outstanding shares of Huttig Building Products until May 2; extension gives stockholders more time to complete required documentation, extend period for Woodgrain's lender to syndicate loan

RBC highlights wood products news for the week (March 27): Lumber prices fall significantly, and OSB still flat; Woodgrain enters into definitive agreement to acquire Huttig Building Products for US$350M in deal that would expand its distribution network

Woodgrain announces commencement of cash tender offer for all outstanding shares of Huttig Building Products at price of US$10.70/share, pursuant to the merger agreement; offer represents premium of 12.6% over Huttig’s closing share price on March 21

Woodgrain to acquire Huttig Building Products, a leading distributor of millwork, building materials, wood products, for US$350M including assumption of debt; deal expected to close in Q2 subject to regulatory approval

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