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CNR.US

Cornerstone Building Brands (CNR) M&A Case

D. Delaware
Court
1:23-cv-00701-UNA
Case number
24 Jun 2022
Class period Start
25 Jul 2022
Class period End
27 Aug 2023
Lead Plaintiff motion deadline
On July 25, 2022, Clayton, Dubilier & Rice completed the acquisition of Cornerstone Building Brands.
  • Prior to the Merger, Clayton, Dublier & Rice, LLC controlled Cornerstone and its board of directors through ownership of 49% of the Company’s outstanding common stock.
  • Pursuant to an Agreement and Plan of Merger, dated March 5, 2022, CD&R acquired the Cornerstone stock it did not already own for $24.65 per share in cash. The Merger had an enterprise value of approximately $5.8 billion.
Investors may have reasons to suspect that a proxy statement issued in connection with the transaction could be false and misleading.
Alleged Offence
Misleading Statements
Failure to Disclose
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
25 July 2022
Filing date
27 June 2023
Lead Plaintiff Deadline
27 August 2023
Collecting participants…
Created by Stan Vick, Scout

Cornerstone Building Brands Inc

Cornerstone Building Brands, Inc., together with its subsidiaries, designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and...

    Ticker
    CNR.US
    ISIN
    US21925D1090
    CIK
    883902
    Sector
    Industrials
    Industry
    Building Products
    Country
    USA
    Address
    5020 Weston Parkway, Cary, NC, United States, 27513