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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:12 EDTBXCBlueLinx announces terms for $40M rights offering
BlueLinx announced that it has set the terms for its previously announced $40M rights offering. Under the terms of the rights offering, the company is distributing, at no charge, to the holders of its common stock on March 4, one non-transferable subscription right for each share of the Company's common stock then owned. Each subscription right will entitle the holder to purchase 0.35845026 of a share of common stock at the subscription price of $1.75 per whole share. The Company expects to utilize the estimated net proceeds of the rights offering of approximately $38.8M to repay indebtedness under its U.S. revolving credit facility.
News For BXC From The Last 14 Days
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October 9, 2014
17:03 EDTBXCBlueLinx announces distribution agreement with Weyerhaeuser
BlueLinx (BXC) announced a new distribution agreement with Weyerhaeuser (WY) to become a distributor of their engineered wood products, including Trus JoistŪ TJI, TimberStrand LSL, Microllam LVL, Parallam PSL, and TJ Rim board, in their Delta Gulf market effective October 1. The agreement applies to the Delta Gulf market only and does not impact BlueLinx' strategy or approach in other markets. BlueLinx currently operates three facilities in the Delta Gulf market defined as the southern halves of Louisiana, Mississippi, and Alabama along with the panhandle of Florida.

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