Installed Building Products, Inc. (the "Company") has entered into a Share Repurchase Agreement with PJAM IBP Holdings, Inc. (the "Selling Stockholder") to repurchase 200,000 shares of common stock. The purchase price per share is $257.38, which reflects a 3% discount from the last reported sales price of the Company’s common stock as of August 18, 2025, which was $265.34.
The closing of the transaction is scheduled to take place at 10:00 am ET on the next Business Day following the date of the agreement. Upon closing, the Selling Stockholder will receive the Aggregate Purchase Price, calculated as the product of the Purchase Price and the number of shares being sold.
The Selling Stockholder has represented that it owns all the shares being sold and that there are no pending or threatened actions against it that would prevent the transaction. The Selling Stockholder has also affirmed its capability to evaluate the risks and merits of the transaction.
The Company, in turn, has represented that it has the requisite power and authority to enter into the agreement and that there are no pending actions or proceedings that would hinder the transaction.
The obligations of both parties to complete the transaction are subject to certain conditions, including the accuracy of representations and warranties and the absence of any legal proceedings that question the validity of the transaction.
In the event of a Court Order or Governmental Proceeding that questions the validity or legality of the transaction, either party has the right to terminate the agreement.
These specifics highlight the Company's strategic move to repurchase shares and the Selling Stockholder's willingness to engage in the transaction. Following these announcements, the company's shares moved -2.08%, and are now trading at a price of $264.24. For the full picture, make sure to review Installed Building Products's 8-K report.
