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Building Co., Advisers Defend $75M Payout In $1.4B Merger

By Leslie A. Pappas ( December 19, 2023, 10:08 PM EST) -- Foundation Building Materials Inc. and advisers to its $1.4 billion merger with private equity firm American Securities LLC pushed back Tuesday on shareholder allegations that a $75 million side deal that the construction products distributor struck with its controlling shareholder violated Delaware law....

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