|Over a week ago|
BlueLinx rises 27.7% » 09:4703/1703/17/20
BlueLinx is up 27.7%, or…
BlueLinx is up 27.7%, or $1.43 to $6.59.
BlueLinx price target lowered to $13 from $17 at B. Riley FBR » 08:5503/1203/12/20
B. Riley FBR analyst Alex…
B. Riley FBR analyst Alex Rygiel lowered the firm's price target on BlueLinx to $13 from $17 and reiterates a Buy rating on the shares. The analyst believes operational issues are behind the company and sees BlueLinx as well positioned heading into 2020.
BlueLinx CFO Susan O'Farrell to retire, Kelly Janzen to succeed » 17:2203/1003/10/20
BlueLinx announced that…
BlueLinx announced that Susan O'Farrell, its Senior Vice President, CFO, and Treasurer, will be retiring after 35 years of work, including almost six years in her role with the company. O'Farrell will remain with the company until April 12, and will help prepare for and assist with transitioning her role. The company also announced that Kelly Janzen will join the company as its Senior Vice President, CFO, and Treasurer, effective April 13. Janzen will be based out of the company's headquarters in Marietta, Georgia. Janzen brings over 25 years of experience in various financial roles, most recently as the Chief Accounting Officer of WestRock Company.
|Over a month ago|
BlueLinx falls -14.2% » 10:0002/2502/25/20
BlueLinx is down -14.2%,…
BlueLinx is down -14.2%, or -$2.22 to $13.36.
BlueLinx says Bluefin Acquisitions offer 'not legitimate' » 19:1802/2402/24/20
The company states:…
The company states: "BlueLinx responded further to the recent misleading public statements by an investment firm that goes by the name of Bluefin Acquisitions, LLC. regarding its purported tender offer. In two recent press releases, Bluefin Acquisitions claimed that it was making, and then confirming, a tender offer to acquire at least 35% of the Company's common stock at a price of $24.50 per share, and that Morrow Sodali LLC had been engaged as its information agent. Bluefin Acquisitions went on to claim that it would, in connection therewith, file related tender offer materials with the U.S. Securities and Exchange Commission no later than today, Monday, February 24, 2020. However, no tender offer materials have been filed with the SEC. In addition, the company understands that Morrow Sodali has terminated its engagement with Bluefin Acquisitions and is no longer serving as information agent in connection with the purported offer. The company does not believe that this purported offer is, or was, legitimate or credible. Moreover, the company believes that the purported offeror's actions may be unlawful, and false and misleading in violation of the U.S. securities laws, because they failed to comply with the filing and disclosure requirements under those laws. We once again urge public investors to approach any further communications from the purported offeror with caution, and to rely only on tender offer materials that are properly filed with the SEC."
Bluefin Acquisitions confirms tender offer to acquire BlueLinx for $24.50/share » 15:2502/2102/21/20
Bluefin Acquisitions issued a press release to confirm the offer for BlueLinx Holdings announced on February 20. "The tender offer statement on Schedule TO will be filed and available no later than Monday February 24, 2020 and will available to shareholders thereafter through the SEC's website and Morrow Sodali LLC, the information agent for the offer," Bluefin Acquisitions stated in its press release. The Fly notes that BlueLinx Holdings responded yesterday to the original press release "issued by an investment firm that goes by the name of Bluefin Acquisitions, LLC." BlueLinx said: "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."
Fly Intel: Pre-market Movers » 09:0002/2102/21/20
S, TMUS, CHWY, DE, DBX, SFM, CNK, FSLR, TRUE, ZS, AGRX, BXC
HIGHER: Sprint (S), up 6%…
HIGHER: Sprint (S), up 6% after modifying the T-Mobile (TMUS) combination agreement and announcing the deal could close as early as April 1... Chewy (CHWY), up 4% after RBC Capital analyst Mark Mahaney upgraded shares to Outperform from Sector Perform with an unchanged $38 price target. The analyst sees FY20 as a profitability inflection year for the company and believes that the stock offers a "highly favorable" risk-reward. UP AFTER EARNINGS: Deere (DE), up 6%... Dropbox (DBX), up 15%... Sprouts Farmers Market (SFM), up 9%. DOWN AFTER EARNINGS: Cinemark (CNK), down 5%... First Solar (FSLR), down 10%... TrueCar (TRUE), down 28%... Zscaler (ZS), down 13%. ALSO LOWER: T-Mobile, down 1% after Raymond James analyst Ric Prentiss downgraded the stock to Outperform from Strong Buy with a price target of $107, up from $99... Agile Therapeutics (AGRX), down 13% after its 15M share spot secondary offering priced at $3.00 per share... BlueLinx Holdings (BXC), down 28% after the company responded to a press release issued by an investment firm that goes by the name of Bluefin Acquisitions, which 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," BlueLinx stated in its response last night after the market close.
BlueLinx unaware of tender offer from Bluefin, will resume trade tomorrow » 20:4602/2002/20/20
The company states:…
The company states: "BlueLinx Holdings 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."
BlueLinx trading halted, news pending 15:5302/2002/20/20
Bluefin Acquisitions reports tender to acquire BlueLinx for $24.50 per share » 15:3802/2002/20/20
Bluefin Acquisitions, a…
Bluefin Acquisitions, a private investment company, announced that its wholly owned direct subsidiary, BlueLinx Merger Sub, has commenced a tender offer for a minimum of 35.0% to all of the outstanding shares of common stock of BlueLinx Holdings (BXC) at a price of $24.50 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, upon the terms and conditions set forth in the tender offer to purchase dated today, "a copy of which will be filed as soon as practicable with the Securities and Exchange Commission." The tender offer is subject to customary conditions to closing, including a condition that the number of shares validly tendered prior to the expiration of the offer, together with the shares then owned by BlueLinx Holdings and its wholly-owned subsidiaries, represents at least one share more than 50% of all shares then outstanding. The tender offer will expire at 11:59 p.m. EDT on March 20, 2020, unless extended.