BUZZ — Cardinal Infrastructure falls after deal to buy Hughes Brothers

* Shares of construction services firm Cardinal Infrastructure fall more than 7% to $19.38 * Co agrees to buy heavy civil and site development contractor Hughes Brothers Construction * Cardinal to pay $357.5 mln in cash and stock, plus up to $97.5 mln tied to Hughes Brothers' 2026 adjusted EBITDA, for a potential total of ~$455 mln * Cash portion to be funded with new debt and cash on hand; stock issued to sellers subject to 180-day lock-up * Deal expected to close in Q4 2026 * All 5 brokerages covering the stock are bullish; median PT - $53.50 - data compiled * Including session's moves, stock down ~20% YTD (Reporting by Miraanta Lowrance in Bengaluru) ((miraanta.lowrance@thomsonreuters.com)