Masonite International to Acquire PGT Innovations in $3 Billion Deal; Miter Brands Makes Higher Unsolicited Offer
January 8, 2024
Masonite International has entered a definitive agreement to acquire PGT Innovations for an approximately $3 billion combination of cash and Masonite shares, valuing PGT at $41.00 per share. After the deal was announced, Miter Brands made an unsolicited all-cash proposal to acquire all outstanding shares of PGT for $41.50 per share, which PGT’s board said could reasonably be expected to lead to a superior proposal if improved on price and closing certainty.
- Buyers
- Masonite International Corp., Miter Brands
- Targets
- PGT Innovations, Inc.
- Industry
- Manufacturing
- Location
- Florida, United States
- Transaction Type
- Buyout
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