Mon, Mar. 30, 8:13 AM
- Fortune Brands Home & Security (NYSE:FBHS) announces it acquired Norcraft Companies (NYSE:NCFT) for an enterprise value of $600M.
- Norcraft shareholders will receive $25.50 per share in a tender offer under the terms of the deal.
- The company expects to fold Norcraft into its cabinets business after the merger closes in Q2.
- NCFT +13.54% premarket to $26.00.
NCFT vs. ETF Alternatives
Norcraft Companies Inc is a manufacturer of kitchen and bathroom cabinetry in the U.S. and Canada. The Company conducts its business through four divisions: Mid Continent Cabinetry, StarMark Cabinetry, UltraCraft Cabinetry and Urban Effects.
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