PGT Inc. receives an unsolicited proposal from Miter Brands to acquire all outstanding shares for $41.50/share in cash; prior Masonite (DOOR) offer was for $41/share (PGTI shares halted) (40.23 -0.47)
- PGT Innovations, Inc. (PGTI) has received an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGT Innovations' common stock for $41.50 per share in cash.
- As announced on December 18, 2023, PGT Innovations entered into a definitive agreement to be acquired by Masonite Int'l (DOOR) for $41.00 per share in cash and Masonite stock (based on the closing trading price of Masonite common stock as of December 15, 2023), representing a premium of approximately 56.5% over the closing price per share of PGTI common stock of $26.20 on October 9, 2023 (the last trading day prior to the public disclosure of a proposal for the acquisition of PGT Innovations).