Huttig Confirms Receipt of Mill Road Capital’s Unsolicited Acquisition Proposal

August 14th, 2020 by Editor

Huttig Building Products, a domestic distributor of millwork, building materials and wood products, confirmed yesterday that it has received an unsolicited, non-binding, expression of interest from Mill Road Capital Management and its affiliated funds, a private investment firm, offering to acquire all of the outstanding common stock of the Company for $2.75 per share.

As outlined in its fiduciary duties, the Board of Directors is consulting with its financial and legal advisors to review the letter and determine the course of action it believes will be in the best interest of its stockholders. The Company has retained Lincoln International as its financial advisor and will communicate future developments in accordance with its ongoing disclosure requirements.

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