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Ply Gems Hiding Facts On $2.4B Sale, Shareholder Alleges

Law360 (March 8, 2018, 5:37 PM EST) -- An investor in construction product maker Ply Gems Holdings Inc. says in a suit filed Tuesday in Delaware Chancery Court that shareholders are not getting the whole story behind the company’s pending $2.4 billion sale to private equity firm Clayton Dubilier & Rice LLC.

Shareholder Michelle Miller’s proposed class action asks the court to put the brakes on the sale, saying that the Ply Gems board of directors has failed to disclose whether rejected bidders are barred from new topping bids and has released incomplete information...
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