Brief: Cornerstone Building Brands entered into an agreement to sell its coil coatings business to BlueScope Steel in an all-cash transaction for $500 mln

Core Natural Resources

10/04/2022 23:47

April 10 (Reuters) - Cornerstone Building Brands Inc
 CNR.N :
    * CORNERSTONE BUILDING BRANDS ANNOUNCES DIVESTITURE OF ITS
COIL
COATINGS BUSINESS FOR $500 MILLION, LEVERAGES LONG-TERM SUPPLY
AGREEMENTS FOR GROWTH
    * IN CONNECTION WITH TRANSACTION, BLUESCOPE AND COMPANY WILL
ENTER
INTO LONG-TERM SUPPLY AGREEMENTS
    * CORNERSTONE BUILDING BRANDS - CO WILL SELL 7 MANUFACTURING
FACILITIES AND TRANSFER ABOUT 570 EMPLOYEES FROM CORNERSTONE
BUILDING BRANDS TO BLUESCOPE
    * TRANSACTION INCLUDES PRODUCTS SOLD UNDER METAL COATERS AND
METAL
PREP BRANDS

Source text for Eikon:  ID:nBw4xbsWGa 
Further company coverage:  CNR.N 

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