BlueLinx Responds to Press Release from Third Party
February 20 2020 - 8:39PM
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 failed to comply with the filing and
disclosure requirements.
We urge public investors to carefully scrutinize any further
communications from the purported offeror and rely only on tender
offer materials that are properly filed with the U.S. Securities
and Exchange Commission.
Unless and until a valid tender offer is made, the Company will
not comment further regarding the actions of the purported
offeror.
About BlueLinx Holdings Inc.
BlueLinx (NYSE: BXC) is a leading wholesale distributor of
building and industrial products in the United States with over
50,000 branded and private-label SKUs, and a broad distribution
footprint servicing 40 states. BlueLinx has a differentiated
distribution platform, value-driven business model and extensive
cache of products across the building products industry.
Headquartered in Marietta, Georgia, BlueLinx has over 2,200
associates and distributes its comprehensive range of structural
and specialty products to approximately 15,000 national, regional,
and local dealers, as well as specialty distributors, national home
centers, industrial, and manufactured housing customers. BlueLinx
encourages investors to visit its website, www.BlueLinxCo.com,
which is updated regularly with financial and other important
information about BlueLinx.
Contacts
Susan O’Farrell, SVP, CFO & TreasurerBlueLinx Holdings
Inc.(770) 953-7000
Mary Moll, Investor Relations(866)
671-5138investor@bluelinxco.com
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements include, without limitation, any
statement that predicts, forecasts, indicates or implies future
results, performance, liquidity levels or achievements, and may
contain the words “believe,” “anticipate,” “expect,” “estimate,”
“intend,” “project,” “plan,” “will be,” “will likely continue,”
“will likely result” or words or phrases of similar meaning.
Forward-looking statements in this press release are based on
estimates and assumptions made by our management that, although
believed by us to be reasonable, are inherently uncertain.
Forward-looking statements involve risks and uncertainties that may
cause our business, strategy, or actual results to differ
materially from the forward-looking statements. These risks
and uncertainties include those listed under the heading “Risk
Factors” in Item 1A of our Annual Report on Form 10-K for the year
ended December 29, 2018, and those discussed in our Quarterly
Reports on Form 10-Q and in our periodic reports led with the SEC
from time to time. Given these risks and uncertainties, we
caution you not to place undue reliance on forward-looking
statements. We expressly disclaim any obligation to update or
revise any forward-looking statement as a result of new
information, future events or otherwise, except as required by
law.
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