Exit Strategy

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How To Avoid Cold Calling Like a Telemarketer

Do your homework, slow down your pitch, and have a conversation. Read more

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Jackson Lumber Changes Leadership

Jackson Lumber & Millwork named a new executive team in conjunction with the retirement of longtime president and CEO Al Torrisi. Sons Mark Torrisi and Jay Torrisi will serve as president and CEO/treasurer, respectively, while nephew Joseph Torrisi will become executive vice president. Read more

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Growth Stock

The LBM industry is filled with multi-generational companies looking to carry on the family name. No two transitions are the same, but all benefit from planning. Read more

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Sallah Named Permanent President, CEO of ENAP

ENAP Inc.'s board of directors has made permanent Stephen Sallah's job president and chief executive officer of the New Windsor, N.Y.-based co-op. Sallah became acting CEO in January following the retirement of Russ Kennedy. Read more

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Saint-Gobain Names John Crowe President, CEO of North American Cos.

Saint-Gobain, the French building material giant, named John Crowe as president and CEO of Saint-Gobain Corp., its North American holding company, and CertainTeed Corp., Saint-Gobain's North American subsidiary. Crowe will take over the position on Sept. 1, following the retirement of Peter Dachowski. Read more

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BlueLinx Buyout Offer Extended Another Week

The investment firm seeking to buy and take private BlueLinx announced today it has extended by another week its offer to buy the 45% of outstanding shares it doesn't already own. Cerberus said it did so to give a special panel of the BlueLinx board more time to talk with it regarding the offer. Read more

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BlueLinx Appoints Panel To Review Buyout Offer

BlueLinx Holdings Inc. has named its three independent board members to a special committee that will examine the offer by a Cerberus Capital Management unit to buy the 45% of BlueLinx that it doesn't already own, the distributor announced. Read more

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BMHC Wins OK of Reorg Plan, Plans Jan. 4 Ch. 11 Exit

Building Materials Holding Corp. took a huge step toward emerging from Chapter 11 bankruptcy-law protection when a federal judge approved the company's reorganization plan and gave the green light for it to make two deals that could reap $23 million in tax refunds for America's sixth-biggest LBM operation. BMHC also aims to sell an Arizona property that could net it a tax refund near $1 million. The company says it plans to leave Chapter 11 status on Jan. 4. Read more

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BMHC Reveals New Exit Financing Plan, Pushes for Tax Refunds

Building Materials Holding Corp., galvanized by the opportunity to reap more than $73 million in tax refunds, pushed its request for judicial permission to shed two subsidiaries while it revealed a new financing plan that would enable it to emerge reorganized from Chapter 11 bankruptcy-law protection. Read more

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BMHC, in Ch. 11, Gets Extra Time To Be Sole Offerer of Reorg Plan

A federal bankruptcy judge gave Building Materials Holding Corp., the nation's sixth-biggest LBM dealer, a three-month extension of its exclusive rights to offer a reorganization plan and solicit approval for that plan to exit from Chapter 11 bankruptcy-law protection. Read more

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