Cerberus Extends Cash Tender Offer for the Outstanding Shares in BlueLinx Holdings Inc.

by Zagros on August 13, 2020

PR Newswire “Press Releases US - English “

NEW YORK, Aug. 13 /PRNewswire/ — Cerberus ABP Investor LLC (“CAI”), an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), and owner of a 55.39% majority stake in BlueLinx Holdings Inc. (NYSE: BXC) (“BlueLinx” or the “Company”), today announced that it has extended the expiration date of its cash tender offer (the “Offer”) of $3.40 per share for all of the outstanding publicly held shares of BlueLinx not owned by CAI until midnight, New York City time, on Friday, September 3, 2020.

The extension of the Offer was made at the request of the special committee of the board of directors of BlueLinx (the “Special Committee”). The Special Committee today notified the stockholders of the Company that it has determined that it is unable at the current time to take a position with respect to the Offer. The extension will thus provide the Special Committee with additional time to develop its position or recommendation, if any, with respect to the Offer.

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