Builders FirstSource up 65% on $1.63 billion deal

April 13, 2015 5:23 PM

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Shares of Builders FirstSource surged 65% Monday after the Dallas-based manufacturer agreed to buy building materials supplier ProBuild Holdings for $1.63 billion in cash.

Builders FirstSource (BLDR) rose $4.50 Monday to $11.40. About 13 million shares were traded as of early afternoon, making it one of the most active stocks of the day and far exceeding its average volume of 202,000.

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