Quanex and Tyman shareholders approve acquisition; closing expected August 2024

Quanex Building Products CORP

Shareholders of both Quanex (NX) and Tyman (TYMN) voted to approve Quanex's acquisition of Tyman.
Tyman shareholders receive 240p cash + 0.05715 Quanex shares per Tyman share, or capped all-share alternative of 0.14288 shares.
Tyman shareholders also get 15p special dividend; expected to own ~30-32% of combined company on fully diluted basis.
Transaction remains subject to customary closing conditions and is expected to close in August 2024.
Quanex Chairman/CEO George Wilson thanked shareholders and noted internal integration preparations.

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