Tyman plc (GB:TYMN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Quanex Building Products Corporation is set to acquire Tyman plc, with the transaction combining cash and share offerings amounting to a total value of approximately £788 million. This acquisition, recommended by both companies’ boards, is expected to create a more diversified supplier of building products, particularly across North America’s fenestration portfolio. The deal offers a significant premium to Tyman’s shareholders, with synergies projected to enhance the financial profile of the combined entity.
For further insights into GB:TYMN stock, check out TipRanks’ Stock Analysis page.