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Builders FirstSource: Was The ProBuild Buyout Expected And Already Priced In?

It was discovered by Reuters on March 27th that Builders FirstSource (BLDR)  was in talks to acquire ProBuild for approximately $1.5B.

– On that news, the stock only moved about 10% from the low $6s to the high $6s.

– It’s possible that major holders didn’t value the merger very highly, otherwise, they’d have bid the stock up higher before the merger happened

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