INDUSTRY NEWS

Majority Shareholder of BlueLinx Launches Takeover Bid

07/28/2010

ATLANTA -- BlueLinx Holdings Inc. announced that it has formed a special committee to evaluate a tender offer by Cerberus, ABP Investor LLC, which is currently the majority shareholder of the company. Cerberus would like to purchase all outstanding shares of BlueLinx. Attorneys representing other shareholders are crying foul, alleging that the offer price is far too low.