TopBuild's spin off from Masco

19/7/2015

Demerger

Value:

$ 1 billion

Status:

Completed

Date:

19/7/2015

Overview:

TopBuild, which distributes insulation products to construction companies, spun off from Masco, a home improvement and building products company.
Masco stockholders received one share of TopBuild common stock for nine shares of Masco common stock held.
TopBuild began trading on the New York Stock Exchange on June 19, 2015.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Demerger

Practice area:

M&A

Industry sector:

Construction and materials

Firm:

Davis Polk & Wardwell

Party: Masco (Seller)

Party: TopBuild (Spin off)

Lawyer: Bruce Dallas

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