Continental Building Products, Inc. Securities Litigation
On or around 01/28/2020 (Notice of voluntarily dismissal)
Filing Date: December 19, 2019
According to the Complaint, Continental Building Products is a leading North American manufacturer of gypsum wallboard and complementary finishing products.
This action stems from a proposed transaction announced on November 12, 2019, pursuant to which Continental Building Products, Inc. will be acquired by CertainTeed Gypsum and Ceilings USA, Inc.
On November 12, 2019, Continental Building Products’ Board of Directors caused the Company to enter into an agreement and plan of merger with CertainTeed Gypsum and Ceilings USA, Inc. Pursuant to the terms of the Merger Agreement, Continental Building Products’ stockholders will receive $37.00 in cash for each share of Continental Building Products common stock they own.
On December 11, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on January 28, 2020.
Company & Securities Information
Defendant: Continental Building Products, Inc.
Sector: Capital Goods
Industry: Constr. - Supplies & Fixtures
Headquarters: United States
Ticker Symbol: CBPX
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Michael Kent, et al. v. Continental Building Products, Inc., et al.
COURT: D. Delaware
DOCKET #: 19-CV-02303
JUDGE: Hon. Colm F. Connolly
DATE FILED: 12/19/2019
CLASS PERIOD START: 11/12/2019
CLASS PERIOD END: 12/19/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Rigrodsky & Long, P.A. (Wilmington)
RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
Complaint for Violation of the Securities Exchange Act of 1934
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available