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Stock impact report

BlueLinx Responds to Press Release from Third Party

Bluelinx Holdings Inc. (BXC) 
Last bluelinx holdings inc. earnings: 3/10 05:16 pm Check Earnings Report
Company Research Source: GlobeNewswire
MARIETTA, Ga., Feb. 20, 2020 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States (the “Company”), responded today to a press release issued by an investment firm that goes by the name of Bluefin Acquisitions, LLC. In its press release, Bluefin Acquisitions claimed that it was making a tender offer to acquire at least 35% of the Company’s common stock at a price of $24.50 per share.  The Company was not aware of this purported offer.  Upon learning of the press release and not being able to verify that it was a legitimate offer, the NYSE halted trading in the Company’s stock for the remainder of the trading day.  We expect that trading will resume tomorrow, February 21, when the market opens. The Company is not able to assess the validity of the purported offer.  The Company believes that the purported offeror’s actions may be false and misleading in violation of the U.S. securities laws because they Show less Read more
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