Cardinal Infrastructure Shares Rise 6.8% After Amending Hughes Brothers Deal
Cardinal Infrastructure amended its agreement to acquire Hughes Brothers Construction. Shares rose 6.8% to $15.61 on Monday; the purchase price was $357.5 million.
By Elias SchisgallShares of Cardinal Infrastructure Group rose after the company amended its agreement to acquire Hughes Brothers Construction.Shares gained 6.8% to $15.61 on Monday. The stock has fallen 35% this year.Cardinal's $357.5 million purchase price for the Florida contractor will now be p…