{"id":381968,"date":"2020-11-16T10:31:21","date_gmt":"2020-11-16T15:31:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381968"},"modified":"2020-11-16T10:31:21","modified_gmt":"2020-11-16T15:31:21","slug":"foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/","title":{"rendered":"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT &#8211; Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">WILMINGTON, Del., Nov.  16, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=n3rqV6O4j5CKA53Vmh_r2Kp6SbSslv1r95XPFV0tn3lARVD_KO1aEVmNtObMlP1IFpFcLha82_qgBX5lRO2Zct7u3vSbKQkGqtrOgLlaP6Q=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Andrews &amp; Springer LLC<\/a>,\u00a0a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Foundation Building Materials, Inc. (NYSE: FBM) (\u201cFoundation Building\u201d or the \u201cCompany\u201d) relating to the sale of the Company to affiliates of private equity firm American Securities, LLC (\u201cAmerican Securities\u201d). On November 13, 2020, the two parties announced the signing of a definitive merger agreement pursuant to which American Securities will acquire Foundation Building in a merger in a deal worth $1.37 billion. As a result of the merger, Foundation Building shareholders are only anticipated to receive $19.25 per share in cash in exchange for each share of Foundation Building.<\/p>\n<p>Andrews &amp; Springer\u2019s investigation so far has revealed that the consideration Foundation Building shareholders are expected to receive is inadequate. While the Company claims that shareholders will receive a premium for their shares, the deal consideration is less than the Company\u2019s $19.41 per share price as of the closing of the markets earlier this year on January 15, 2020. Our investigation has also revealed that the process leading up to the announcement of the merger appears to have significant conflicts of interest thus making the process and consideration unfair.<\/p>\n<p>If you own shares of Foundation Building and want to receive additional information and protect your investments free of charge, please visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HVEWwMHdR4w4GTyXwtVrtLF8doMpE9ov3xxwLn2BihDYptptUzv3pTaK4A6zrUHObGInun8GMn1yRtbobwrbh3rfV_9VplDU8QvMjamrQTYNxzQjfok9mCLw7fuslFjeTZwD2WYfTwEenlopCuNUXtOm0wQkRYeVq53yhlsPjJnmxweL6-z5l4doiXJ4KQa2JDmA_f4lYSJ-DKkR7Sp6zA_qxuMS66QdenGuLvsLtaOW_GcpPLrgnrrU_Uox2f3dEO1wFYJ7p_B-ID0mL1wKWZb_Nuq2wHL_UYGNea5BsLk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.andrewsspringer.com\/cases-investigations\/foundation-building-class-action-investigation\/<\/a> or contact Craig J. Springer, Esq. at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2qSoX9Yd6lp6S_Jar4vjY8gY11NR48H8Gh1cpPj3Ga_C3M3spJwUjmc24GB0934aOCllbQ18D0grhcxxrsJXJHLCDqhz2hAjFRUB66_HGgELb0vf3QydFg3ZWT6TMPCZ\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cspringer@andrewsspringer.com<\/a>, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn \u2013 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jT2HpZR23d1LynL7zDC1uiSEWUeTDgAOcO82ZD4Gautqr7NL5y7Y78n08MhFukKBnPumdhTmYHjIPI3ut-Zbc06Py0HTMz0ke3OmhU4oxiPc6XSsLexGJ8kBdgsvXT4GM_5ux6fFbtxeOVgx9R1hJBLx8jQ0TL5j7oGWlfz4wP8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.linkedin.com\/company\/andrews-&amp;-springer-llc<\/a>, Twitter \u2013 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rMnHfKi1gYozrDsU3eyMC9xQfzX4_uq6Au7NsX8vRb-X3tPTcj1qw0kDzeGJStJ7sy4i1mvku5N09DKJ1wROHCqYAc1Sf_QfQPiuwO88SwQNv_zXALYS6fQbGVdcUQkk\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.twitter.com\/AndrewsSpringer<\/a> or Facebook &#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oqDW_uh4x7NTVk2C3DHYfMEuiyJY8Ov8bnGxdj6a63y-eP7WGg7iVYmD9fJZIr2yNM1CQGIz5lZxgH9m8kI94Dtz7Ji5IzAPsywe2TK3hwqMWgCUjoRsQdkhGYNEqD75\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.facebook.com\/AndrewsSpringer<\/a> for future updates.<\/p>\n<p>Andrews &amp; Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ny2esIzuB2RLqOL8APXodfmhwDGkj3oEDYFJmsrt81RoikEyct-q3b8g-7Yf6sMxb0EUmJCvDIOpOfbze3Zxrh2LFLuocthKfg3wCJ3MaZxr65SZlaoj8x8CE0cxIbcibFwYUMBEpHZLp66lYXCrRQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">our innovative approach<\/a> to each case our Firm decides to prosecute. For more information please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k_vfdQJrmH0JMf7SKaVj1DoNQOUt63YLUYwtnot1mDk0ROAnQEcuu6ijusjr7SovO7rO2psMIVjUwyeTsap-7Jb_LQ1wVyE7VeQw3kiJ9LI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.andrewsspringer.com<\/a>. This notice may constitute Attorney Advertising.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:9%;width:9%;min-width:9%;text-align: left;vertical-align: middle;vertical-align: top\">Contact:\u00a0<\/td>\n<td style=\"max-width:91%;width:91%;min-width:91%;text-align: left;vertical-align: middle;vertical-align: top\">Craig J. Springer, Esq.<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <a href=\"mailto:cspringer@andrewsspringer.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cspringer@andrewsspringer.com<\/a>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Toll Free: 1-800-423-6013<\/td>\n<\/tr>\n<\/table>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjgyMyMzODI5MzAzIzIwMDU0MDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/be7bcff6-c57e-49a4-ac81-2a1c6aab15e7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WILMINGTON, Del., Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Andrews &amp; Springer LLC,\u00a0a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Foundation Building Materials, Inc. (NYSE: FBM) (\u201cFoundation Building\u201d or the \u201cCompany\u201d) relating to the sale of the Company to affiliates of private equity firm American Securities, LLC (\u201cAmerican Securities\u201d). On November 13, 2020, the two parties announced the signing of a definitive merger agreement pursuant to which American Securities will acquire Foundation Building in a merger in a deal worth $1.37 billion. As a result of the merger, Foundation Building shareholders are only anticipated to receive $19.25 per share in cash in exchange &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT &#8211; Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381968","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT - Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT - Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WILMINGTON, Del., Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Andrews &amp; Springer LLC,\u00a0a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Foundation Building Materials, Inc. (NYSE: FBM) (\u201cFoundation Building\u201d or the \u201cCompany\u201d) relating to the sale of the Company to affiliates of private equity firm American Securities, LLC (\u201cAmerican Securities\u201d). On November 13, 2020, the two parties announced the signing of a definitive merger agreement pursuant to which American Securities will acquire Foundation Building in a merger in a deal worth $1.37 billion. As a result of the merger, Foundation Building shareholders are only anticipated to receive $19.25 per share in cash in exchange &hellip; Continue reading &quot;FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT &#8211; Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T15:31:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjgyMyMzODI5MzAzIzIwMDU0MDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT &#8211; Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc.\",\"datePublished\":\"2020-11-16T15:31:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\\\/\"},\"wordCount\":414,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4NjgyMyMzODI5MzAzIzIwMDU0MDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\\\/\",\"name\":\"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT - Andrews &amp; 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Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc. - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/","og_locale":"en_US","og_type":"article","og_title":"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT - Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc. - Market Newsdesk","og_description":"WILMINGTON, Del., Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Andrews &amp; Springer LLC,\u00a0a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Foundation Building Materials, Inc. (NYSE: FBM) (\u201cFoundation Building\u201d or the \u201cCompany\u201d) relating to the sale of the Company to affiliates of private equity firm American Securities, LLC (\u201cAmerican Securities\u201d). On November 13, 2020, the two parties announced the signing of a definitive merger agreement pursuant to which American Securities will acquire Foundation Building in a merger in a deal worth $1.37 billion. As a result of the merger, Foundation Building shareholders are only anticipated to receive $19.25 per share in cash in exchange &hellip; Continue reading \"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT &#8211; Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T15:31:21+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjgyMyMzODI5MzAzIzIwMDU0MDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT &#8211; Andrews &amp; Springer LLC Is Seeking More Cash for Shareholders of Foundation Building Materials, Inc.","datePublished":"2020-11-16T15:31:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/"},"wordCount":414,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjgyMyMzODI5MzAzIzIwMDU0MDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/foundation-building-fbm-shareholder-alert-andrews-springer-llc-is-seeking-more-cash-for-shareholders-of-foundation-building-materials-inc\/","name":"FOUNDATION BUILDING (FBM) SHAREHOLDER ALERT - Andrews &amp; 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