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Headwaters Inc., a South Jordan-based building products company, said it has launched a public offering of 10 million shares of its common stock at a price to the public of $7.25 per share.
The company expects to use the proceeds from the sale of the stock to acquire the assets of Kleer Lumber Inc., a manufacturer of PVC trim board and moulding products, and for general corporate purposes.
Headwaters said it expects the offering to be completed Monday.