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Headwaters Inc (HW.N)

HW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Headwaters Inc says on February 9, 2017, each of co and Boral received a request for additional information and documentary materials from U.S. FTC
Thursday, 9 Feb 2017 05:20pm EST 

Headwaters Inc : Headwaters Inc says on February 9, 2017, each of co and Boral received a request for additional information and documentary materials from U.S. FTC . Headwaters Inc says FTC's second request has effect of extending waiting period under Hart-Scott-Rodino act until 30 days after parties substantially comply with request .Headwaters Inc says parties continue to expect that the merger transaction will be completed in mid-calendar year 2017.  Full Article

Boral says shareholders of Headwaters approve acquisition by co
Sunday, 5 Feb 2017 05:17pm EST 

Boral Ltd : Shareholders of Headwaters approve acquisition by Boral .Shareholders of Headwaters approved transaction, with over 98 pct of votes cast in favour of deal.  Full Article

Headwaters Q1 earnings per share $0.09 from continuing operations
Tuesday, 31 Jan 2017 06:00am EST 

Headwaters Inc : Headwaters Incorporated announces results for first quarter of fiscal 2017 . Q1 adjusted earnings per share $0.17 from continuing operations . Q1 earnings per share $0.09 from continuing operations . Q1 revenue $256 million versus I/B/E/S view $258.8 million . Q1 earnings per share view $0.25 -- Thomson Reuters I/B/E/S . Headwaters Inc says expect our sales from net new fly ash sources to exceed 500,000 tons in 2017 . Headwaters Inc says reaffirm 2017 adjusted EBITDA guidance of $235 to $250 million .Headwaters Inc says in 2017, we initially forecast between 200,000 and 300,000 tons of net fly ash sales from new supply contracts.  Full Article

Headwaters says obligated to pay termination fee of $65 mln to Boral under deal
Monday, 21 Nov 2016 10:33am EST 

Headwaters Inc : If deal is terminated under specified circumstances, headwaters will be required to pay Boral Ltd termination fee of $65 million - SEC Filing .Merger agreement provides that Boral Ltd will be required to pay co a reverse termination fee of $75 million under some circumstances.  Full Article

Boral to buy Headwaters for for US$24.25 per share in cash, aggr enterprise value of about US$2.6 bln
Sunday, 20 Nov 2016 04:52pm EST 

Boral Ltd : Boral announces acquisition of Headwaters Inc . Entered into a binding agreement to acquire Headwaters Incorporated for us$24.25 per share in cash . deal for us$24.25 per share in cash, representing an aggregate enterprise value of about us$2.6 billion . Eps accretive on a pro forma fy2017f NPATA basis . Acquisition is expected to be completed in mid CY2017 . transaction unanimously approved by board of Headwaters . Offer price represents a 34% premium on Headwaters' 1-month vwap of us$18.16 . Expect significant synergies of us$100 million per annum within four years of closing . acquisition will be funded by a$450 million institutional placement & a$1.6 billion, 1 for 2.22 pro rata accelerated renounceable entitlement offer .acquisition expected to be completed in mid cy2017.  Full Article

Boral Limited to buy Headwaters Inc
Sunday, 20 Nov 2016 04:46pm EST 

Headwaters Inc : Says transaction valued at $24.25 per share in cash representing aggregate enterprise value of approximately $2.6 billion .Headwaters Incorporated enters into definitive merger agreement to be acquired by Boral Limited.  Full Article

Headwaters enteres into incremental amendment to its term loan credit agreement
Thursday, 25 Aug 2016 10:54am EDT 

Headwaters Inc : On August 19, co entered into incremental amendment to its term loan credit agreement initially dated as of March 24, 2015- SEC filing . Pursuant to amendment, company obtained an incremental senior secured term loan in an aggregate principal amount of $350.0 million .Incremental term loan will mature on same March 24, 2022.  Full Article

Headwaters Inc reports Q3 EPS $0.23 from continuing operations
Tuesday, 2 Aug 2016 06:00am EDT 

Headwaters Inc : Q3 earnings per share $0.23 from continuing operations . Q3 adjusted earnings per share $0.30 from continuing operations . Q3 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Q3 revenue $262.5 million versus I/B/E/S view $276.8 million . Sees FY 2017 revenue $125 million .Reaffirms 2016 adjusted EBITDA guidance of $185 million to $200 million.  Full Article

Headwaters Inc raises low end of prior FY 2016 EBITDA guidance
Tuesday, 3 May 2016 06:00am EDT 

Headwaters Inc:Increases lower end of its FY 2016 adjusted EBITDA guidance to $185 million, resulting in a new range of $185 million to $200 million.  Full Article

Headwaters Inc raises FY 2016 EBITDA guidance
Tuesday, 2 Feb 2016 06:00am EST 

Headwaters In:Says that it is raising its FY 2016 adjusted EBITDA guidance to a range of $180 to $200 million.  Full Article

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BRIEF-Boral says shareholders of Headwaters approve acquisition by co

* Shareholders of Headwaters approved transaction, with over 98 pct of votes cast in favour of deal Source text for Eikon: Further company coverage: