December 6, 2011

Resolute Forest Products has announced its intention to acquire all the issued and outstanding common shares of Fibrek Inc. The offer of C$1 per share in cash, or C$0.55 in cash and 0.0284 of a Resolute Forest Products common share will expire on or before Dec. 31.

According to Resolute, the offer represents a premium of approximately 39% over the closing price of Fibrek's shares on Nov. 28, and a premium of approximately 31% over the volume-weighted average trading price of the shares on the Toronto Stock Exchange or the 20 trading days ending on that date.

August 23, 2011

Lowe’s board of directors has authorized the repurchase of up to $5 billion of the company's common stock, along with a quarterly cash dividend of cents ($0.14) per share, payable Nov. 2, 2011, to shareholders of record as of Oct. 19, 2011.

August 10, 2011

New Britain, Conn.-based Stanley Black & Decker's wholly owned Swedish subsidiary has acquired in total 72,005,890 class B shares of global security firm Niscayah Group.

The shares represent approximately 19.8% of the outstanding shares and approximately 13.9% of the total number of votes in Niscayah.

The acquisition of these shares was made through purchases outside of the company’s pending tender offer to acquire all the outstanding shares and warrants of Niscayah. 

July 26, 2011

BlueLinx Holdings has raised approximately $58.5 million after investors fully subscribed to a $60 million rights offering that expired on July 22.  Following the issuance of the newly subscribed shares, which is expected to occur on or about July 28, 2011, BlueLinx will have approximately 61.8 million total shares outstanding. 

Cerberus ABP Investor will remain the majority stockholder, owning approximately 55% of BlueLinx' common stock.

June 30, 2011

The 2011 Home Channel News Top 200 Pro Dealer Scoreboard has been published — the full list will be available on

The Top 200 lumberyard companies in the nation, ranked by sales, together showed a 1.38% increase in 2010, compared with 2009. That’s the first year-over-year growth spurt for the HCN Pro Dealer Scoreboard since the 2007 list of Top 350 pro dealers was published. 

Growth is good. 

But how did it happen? How do companies grow when all around them their markets are stalled or declining? 

June 2, 2011

Customer service, glue traps and corporate democracy were among the issues on the table at a wide-ranging Home Depot annual shareholders meeting in Atlanta Thursday.

Home Depot’s shareholders approved the company's recommendations for its board of directors and executive pay structure. And it defeated a shareholder proposal regarding shareholder control of corporate political gifts.

April 26, 2011

In an effort to raise $60 million, building products distributor BlueLinx has announced it will commence a rights offering of common stock to its stockholders. The proceeds will be used to pay down debt and fund working capital, the company said in an April 26 filing with the Securities and Exchange Commission (SEC). 

March 28, 2011

A "stabilized business" has paved the way for an accelerated stock buy-back program at Atlanta-based The Home Depot. 

The home improvement giant announced the pricing of a $2 billion senior note issuance to refinance $1 billion of senior notes that came due in March 2011 and to repurchase $1 billion of outstanding shares through an accelerated share repurchase program with Barclays Capital. 

February 1, 2011

RONA, one of Canada’s largest chain of home improvement retail outlets, has announced that it will launch an offering of rate reset preferred in partnership with a syndicate of underwriters led by National Bank Financial Inc. and BMO Capital Markets, who are acting as joint book runners.

January 17, 2011

North Plains, Ore.-based LBM distributor Jewett-Cameron Trading Company Ltd. authorized a share repurchase plan to purchase for cancellation up to 350,000 common shares through facilities of the NASDAQ Stock. This amount represents approximately 17% of the approximately 2.0 million common shares outstanding.  During 2010, the Company repurchased 376,112 shares under a prior formal plan of repurchase, the company said.

December 30, 2008

BlueLinx announces share repurchase program...

December 9, 2008

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December 3, 2008

The New York Stock Exchange has moved to delist Huttig Building Products for not meeting...

November 2, 2008

In January, this editor predicted that the Dow Jones Industrial Average would finish the year...

November 2, 2008

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October 30, 2008

Dropped from the New York Stock Exchange, the San Francisco pro dealer began trading on...

October 23, 2008

HCN Index limps into the weekend...

October 23, 2008

The New York Stock Exchange has begun proceedings to remove Building Materials Holding Corp. (BMHC)...

October 16, 2008

Building Materials Holding Corp. (BMHC) could lose its listing on the New York Stock Exchange...

October 15, 2008

The financial roller coaster continues. The HCN...

October 8, 2008

The HCN Stock Index sank again on Thursday, falling 6.1 percent to 719.59. Meanwhile,...

February 11, 2008

The plan is to sell 3.8 million shares of Pulte stock with the chance to...

November 26, 2007

The company’s board of directors authorized purchases of up to 1 million shares of its...

November 15, 2007

Growth plans call for 25 stores in 2007, followed by 30 to 40 new stores per year until 2011....