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.

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