Carlyle Has Roofing Competition

The Carlyle Group has competition for Dallas-based roofing and building products company ElkCorp (NYSE: ELK). Carlyle earlier this week had agreed to buy the company for approximately $1 billion (including the assumption of $173 million in net debt), or $38 per share. But ElkCorp confirmed yesterday that it now has a $40 per share offer from Building Materials Holding Corp. (NYSE: BLG). ElkCorp said that its board will review the BLG offer, and make a recommendation to shareholders.