Dallas, Texas-based Builders FirstSource Inc. announced on Tuesday that it’s transferring the listing of its common stock from the Nasdaq Stock Market (Nasdaq) to the New York Stock Exchange (NYSE) effective when the market opens on July 19.
Builders FirstSource will continue trading under its previous Nasdaq ticker symbol “BLDR” after the move over to the New York Stock Exchange. In August of last year, Builders FirstSource Inc. and BMC Stock Holdings Inc. announced they had entered into a definitive merger agreement under which Builders FirstSource and BMC combined in an all-stock merger transaction valued at $2.5 billion.
When it was announced, that deal combined the No. 2 (BLDR) and No. 5 (BMCH) companies on MDM’s 2020 Building & Construction Top Distributors list.
“With the merger of Builders FirstSource and BMC creating the nation’s premier supplier of building materials and services, we felt it was important for our company to be listed on the NYSE, which is the preferred exchange for our industry,” said Builders FirstSource President and CEO Dave Flitman. “The NYSE has a long and established history of listing some of the most respected brands in the world, and as we continue to grow our business, we are excited to be affiliated with this flagship institution.”
Builders FirstSource, which is now ranked No. 1 on MDM’s Top Distributors Building & Construction list, announced recently that it was spending $450 million in cash to acquire WTS Paradigm LLC. WTS is a software solutions and services provider for the building products industry.
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