US firm Quanex Building Products acquires UK's Tyman, a doors and windows components supplier, in a £788m cash and shares deal; Tyman delists from LSE, lists in New York.

US firm Quanex Building Products has agreed to buy UK's Tyman, a supplier of doors and windows components, in a £788m cash and shares deal. This follows a trend of companies leaving or choosing not to list on the London stock market, with Britain's largest chip company ARM and building supplies firm CRH moving their listings to Wall Street. The acquisition will see Tyman delist from the London Stock Exchange (LSE) and be listed in New York.