Quanex Building Products CORP (NX): M&A transaction — Quanex closes acquisition of Tyman for ~$504M cash and 14.1M shares

Quanex Building Products CORP

Aggregate consideration: 14,139,477 new Quanex shares and $504.1M cash (£392.2M at 1.2855).
Tyman shareholders received 240p cash + 0.05715 NX shares per Tyman share, plus 15p special dividend.
Quanex expects acquisition to be meaningfully accretive to earnings within first full year after closing.
Integration plan: ~50% completed within first 12 months; Teleios granted Board Observer right until 2026.
Tyman shares suspended on LSE Aug 1, cancellation Aug 2; new NX shares begin trading on NYSE Aug 2.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Quanex Building Products CORP completed an acquisition involving Tyman plc for 14,139,477 New Quanex Shares and cash consideration of approximately $504,143,082.86 (closed 2024-08-01).

Action: acquisition
Counterparty: Tyman plc
Consideration: 14,139,477 New Quanex Shares and cash consideration of approximately $504,143,082.86
Closing: 2024-08-01

Exact text from the filing

up to 15,487,381 of New Quanex Shares to Tyman shareholders in connection with the Transaction. The aggregate consideration due pursuant to the Transaction at closing comprises 14,139,477 New Quanex Shares and cash consideration of approximately $504,143,082.86 (being the Pound Sterling amount of cash consideration of £392,176,649.44 in respect of all of the Tyman

View on SEC.gov

Browse all m&a transactions →

Quanex Building Products CORP filing history →

Source: SEC EDGAR

accession 0001104659-24-084639

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.