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Foundation Building Materials To Be Acquired By Lowe’s For $8.8B, Retail’s Turned Exuberant After Earnings Report

Lowe’s (LOW) shares jumped 3% in premarket trading on Wednesday after the home improvement chain announced that it would buy Foundation Building Materials for about $8.8 billion to support the growth ...
Los Angeles Times

Lowe’s Announces $8.8-Billion Acquisition of Santa Ana’s Foundation Building Materials

Home improvement retailer Lowe’s Companies Inc. announced it has entered into an agreement to acquire Santa Ana-based Foundation Building Materials for approximately $8.8 billion. Foundation Building ...