Stock Market & Financial Investment News

News Breaks February 26, 2013 07:12 EDT BXC BlueLinx 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 Check below for free stories on BXC the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. There are no results for BXC Sign up for a free trial to see the rest of the stories you've been missing.