Cornerstone Building Brands in its $5.8 billion all-cash acquisition by affiliates of Clayton, Dubilier & Rice, its 49% stockholder

On March 7th, 2022, Cornerstone Building Brands, Inc. (NYSE: CNR), the largest manufacturer of exterior building products in North America, announced that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (“CD&R”) in an all-cash transaction with an enterprise value of approximately $5.8 billion, including the assumption of debt.  CD&R, in the aggregate, is currently the beneficial owner of approximately 49% of the Cornerstone’s outstanding shares of common stock.

Wachtell, Lipton, Rosen & Katz served as legal counsel to the Special Committee of the Board of Directors.