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AI brief of an SEC Form 8-K · Quanex Building Products (NX)

Quanex completes acquisition of Tyman plc, issuing about 14.1 million new shares

Neutral Impact 4 of 5 m&a Written later

Quanex Building Products closed its acquisition of Tyman plc on August 1, 2024. Tyman shareholders receive new Quanex shares and cash, with about 14,139,477 new shares and about $504 million in cash due at closing, which will dilute existing Quanex holders. The filing does not report financial results for the combined company, and pro forma financial information is to follow in a later amendment.

Key points

  • Acquisition closed August 1, 2024; Tyman trading on the London Stock Exchange was suspended that day, and new Quanex shares are scheduled to begin trading on the NYSE on August 2, 2024
  • Closing consideration: 14,139,477 new Quanex shares and about $504,143,082.86 in cash
  • Tyman shareholders also receive a 15 pence special interim dividend per share, payable by the 14th day after the scheme became effective
  • Shareholders approved issuing up to 15,487,381 new Quanex shares at a special meeting on July 12, 2024; pro forma financial information will be filed by amendment

The filing

CompanyQuanex Building Products (NX)
Form8-K, current report
Filed with the SECAug 1, 2024, 7:53 AM ET
Accession number0001104659-24-084639

Items reported: 2.01 Acquisition or Disposition Completed3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.