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Sophisticated Mobile App Empowers Texas Dealer
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Sophisticated Mobile App Empowers Texas Dealer

Main Street Lumber has created a mobile app that helps sales staff in the field by... More

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Talk Profit, not Price, To Win Builders' Business

Stop falling victim to price negotiations. If you want to enhance your margins and upsell you need to shift towards helping your customers make money. You need to start proposing and stop bidding. More

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Cerberus Fails To Buy Out BlueLinx

The investment fund that owns 55% of BlueLinx Holdings disclosed today it failed to persuade enough of the other shareholders to let it buy the rest of the Atlanta-based distributor, even after it had sweetened its offer and won the recommendation of an independent committee of the BlueLinx board. More

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BlueLinx Inks Deal Supporting Takeover by Cerberus

BlueLinx Holdings gave notice in an SEC filing Thursday that it had entered into an agreement with Cerberus Capital Management and one of its units to buy the 45% of shares in BlueLinx that Cerberus doesn't already own. More

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BlueLinx Endorses Cerberus' Buyout Bid

BlueLinx Holdings Inc. endorsed a bid by the 55% owner of the Atlanta-based distributor to buy the rest of the company's shares for $4 each and privatize BlueLinx for roughly $58.4 million. More

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Offer Price for BlueLinx Raised

The investment firm that owns 55% of BlueLinx increased its bidding price to take over and privatize the distributor. It also said it now expects the special board of directors panel set up to review the offer will recommend shareholders take the deal. More

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Sept. 16 Meet Likely for PA Panel To Weigh 84's $5M Federal Loan Bid

The Washington County, Pa., board of commissioners is likely to consider on Sept. 16 a request by 84 Lumber to champion the LBM giant's bid to get a $5 million federal loan, the second step in its campaign to pay off the final quarter of a $195 million, 18% interest loan that has hobbled 84's operations. More

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BlueLinx Buyout Bid Extended

The investment group that owns 55% of BlueLinx Holdings extended by one week, until Sept. 3, the expiration date of its offer to buy all other outstanding shares and take the Atlanta-based distributor private. Cerberus ABP Investor LLC did so after a special committee of the BlueLinx board of directors notified stockholders that it hasn't been able to decide yet how to respond to the $49.6 million offer. More

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BlueLinx Buyout Bid Extended After Board Panel Can't Decide on Bid

The investment group that owns 55% of BlueLinx Holdings extended by one week, until Sept. 3, the expiration date of its offer to buy all other outstanding shares and take the Atlanta-based distributor private. Cerberus ABP Investor LLC did so after a special committee of the BlueLinx board of directors notified stockholders that it hasn't been able to decide yet how to respond to the $49.6 million offer. More

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When Your Ship Comes In, Will You Miss the Boat?

Yes, these are hard times, FBMA president Bill Tucker says. But he adds: "I am concerned that companies are so focused on sales that, when the good times come, they will not have the capacity to take advantage of high-margin opportunities." More

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