American Woodmark Corp. (AMWD) announced Friday morning that it has agreed to acquire RSI Home Products for approximately $1.075 billion.
The company also reported second quarter EPS of $1.21, up from $1.07 a year ago. Street expectations were for EPS of $1.26.
American Woodmark gapped up Friday and spiked higher in the first half hour of trade. The stock was range-bound for the rest of the session and closed up by 28.10 at $127.70 on the highest volume of the year. American Woodmark surged past resistance and set a new high for the year.
by RTT Staff Writer
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