JHX News: PGT Innovations (PGTI) Gains as It Sells Stake to Masonite - 20th Dec 2023, 3:43am

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PGT Innovations, Inc. PGTI is set to be acquired by a designer, manufacturer, marketer and distributor of interior and exterior doors — Masonite International Corporation DOOR — for $3 billion in a combination of cash and Masonite shares.

Per the deal, PGTI’s shareholders will receive $41.00 for each share they own, comprising $33.50 in cash and $7.50 in common shares of Masonite. Also, DOOR’s shareholders will own approximately 84% of the combined company, with PGT Innova...

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