in a deal worth $37 per share in cash, amounting to about $1.4 billion. In its third quarter, the company reported net sales of $127.4 million, which is a 2.9% decrease from the same quarter last year.
Continental's wallboard sale volumes increased to 705 million square feet, up 4.6% compared to the same quarter a year ago, which it said was attributable to stronger demand. Continental's shares reached a new year-to-date high during midday trade Tuesday, and its shares are up more than 40% year to date.
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