|
|
Article: Robotti & Company Sues Warburg Pincus and JLL Partners in Connection with Highly Dilutive Offer for Builders FirstSource, Inc.
- Article from:
- Life Science Weekly
- Article date:
- October 6, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Robotti & Company, LLC and its affiliates (the "Robotti Companies") have been appointed to lead an investor lawsuit filed in response to a recapitalization plan for Builders FirstSource, Inc. proposed by JLL Partners Equity IX, LP and Warburg Pincus Private Equity IX, L.P. The proposed plan by JLL and Warburg would dilute the interests of all shareholders by issuing over 95 million shares of new stock at just $2.00 per share, substantially devaluing the remaining outstanding shares of common stock held by public investors. The Robotti Companies own or control over 1.2 million shares of Builders FirstSource, or almost 7% of the outstanding stock held by the non-controlling ...
Related newspaper, magazine, and journal articles:
|
|
Article: Warburg Pincus and New JLL Fund to Acquire Significant Interests ...
PR Newswire;
February 6, 2006 ;
700+ words
... ... 6 /PRNewswire-FirstCall/ -- Builders FirstSource, Inc. , a leading supplier and ... beneficial ownership interest in Builders FirstSource currently held by other funds controlled ... shareholders," said Floyd Sherman, Builders FirstSource President and Chief Executive Officer ...
|
|