Cabinet Co. American Woodmark Inks $1.075B Deal For Rival

Law360, New York (December 1, 2017, 1:29 PM EST) -- Kitchen cabinet and vanity manufacturer American Woodmark Corp. on Friday said it nailed down a deal to buy rival bath and kitchen cabinetmaker RSI Home Products Inc. in a transaction worth roughly $1.075 billion.

Under the deal, American Woodmark said it will hand California-based RSI's shareholders roughly $346 million in cash along with $140 million worth of American Woodmark stock, while additionally assuming nearly $589 million of RSI debt.

The deal, expected to close by the end of January, is still subject to antitrust approvals but...
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