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Lowe's buying Foundation Building Materials for about $8.8B

Lowe's buying Foundation Building Materials for about $8.8B as it intensifies focus on pro builders

Lowe's is buying Foundation Building Materials, a distributor of drywall, insulation and other products, for approximately $8.8 billion as the home improvement retailer intensifies its focus on professional builders.

· 20h · on MSN

Lowe's to buy Foundation Building Materials for $8.8 billion to boost contractor business

· 23h

Lowe’s to Buy Foundation Building in $8.8 Billion Cash Deal

· 11h

Lowe's earnings beat, announces $8.8B deal: What the CEO is saying

Home improvement retailer Lowe's (LOW) reported second quarter earnings that topped Wall Street estimates, while revenue and same-store sales fell short.

· 21h

Lowe’s tops Home Depot with an $8.8 billion buyout deal and an earnings beat

· 20h

Lowe’s Boosts Full-Year Revenue Outlook, to Buy Home-Professional Firm for $8.8 Billion

16hon MSN

What analysts are saying about Lowe's largest acquisition ever

Lowe's ( NYSE: LOW) announced the largest acquisition in the company's history with a deal to snap up Foundation Building Materials for $8.8 billion. The deal will be funded with a mix of short- and long-term debt, including $9 billion in committed bridge financing.

20hon MSN

Lowe’s to acquire products distributor in $9B deal to boost pro customer reach

The acquisition will expand the Mooresville-based home improvement chain’s reach among its professional customers, Lowe’s said. FBM, based in Santa Ana, California, is a distributor of interior building products with over 370 locations across the U.S. and Canada.