A Thursday report by Reuters said that Dallas, TX-based residential building materials provider Builders FirstSource is in talks to acquire Fergus Falls, MN-based homebuilding supplier ProBuild for approximately $1.5 billion, citing "three people familiar with the matter."
Reuters said talks are ongoing and no deal has been reached, noting that other bidders could emerge. Both companies did not comment. Reuters estimates Builders FirstSource's market capitalization to be around $600 million as of the end of December, with a debt of $384 million.
The negotiations between Builders FirstSource and privately held ProBuild are ongoing and may not lead to an agreement, the people said.
