Gibraltar Industries' stock soared 5.13% during intraday trading on Thursday, following positive regulatory news regarding a key acquisition.
The surge comes after the company announced it received Federal Trade Commission clearance for its acquisition of Arundel Square Garden, removing a significant antitrust hurdle. This regulatory approval represents a major step forward in completing the transaction, which is now subject only to remaining customary closing conditions.
The FTC's early termination of the waiting period signals regulatory approval for the deal, which Gibraltar Industries had agreed to in November 2025. This development reduces uncertainty and brings the acquisition closer to finalization, potentially creating value for shareholders through business expansion.