November 12, 2019 / 9:34 PM / a month ago

Saint-Gobain to buy Continental Building Products for $1.4 billion

Nov 12 (Reuters) - Continental Building Products Inc said on Tuesday it will be acquired by French construction material producer Compagnie de Saint-Gobain S.A. in a deal valued at $1.4 billion.

Saint-Gobain will pay $37 per share in cash, representing a 3.5% premium to Continental’s closing share price on Tuesday. (Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Arun Koyyur)

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