Brief: Masonite Announces Acquisition Of PGT Innovations

PGT Innovations

18/12/2023 12:35

Dec 18 (Reuters) - Masonite International Corp  DOOR.N :
    * MASONITE ANNOUNCES TRANSFORMATIVE ACQUISITION OF PGT
INNOVATIONS, CREATING A LEADING DOOR AND WINDOW SOLUTIONS
COMPANY WITH OVER $4 BILLION IN COMBINED REVENUE
    * MASONITE INTERNATIONAL CORP - PROPOSED DEAL FOR TOTAL
TRANSACTION VALUE OF $3.0 BILLION.
    * MASONITE INTERNATIONAL CORP- PGT INNOVATIONS SHAREHOLDERS
WILL
RECEIVE $41.00 PER EACH PGT INNOVATIONS SHARE THEY OWN
    * MASONITE INTERNATIONAL CORP- TRANSACTION IS EXPECTED TO BE
ACCRETIVE TO MASONITE'S EPS IN FIRST FULL YEAR OF OWNERSHIP
    * MASONITE INTERNATIONAL CORP- HOWARD HECKES WILL CONTINUE
TO
SERVE AS CEO OF MASONITE
    * MASONITE INTERNATIONAL CORP- BOARDS OF DIRECTORS OF BOTH
MASONITE AND PGT INNOVATIONS HAVE EACH UNANIMOUSLY APPROVED
TRANSACTION
    * MASONITE INTERNATIONAL CORP- MASONITE GOT $1.8 BILLION IN
SENIOR
SECURED TERM LOAN COMMITMENTS, $980 MILLION IN BRIDGE LOAN
COMMITMENTS

Source text for Eikon:  ID:nBwLF8vma 
Further company coverage:  DOOR.N 

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