Masonite International Corporation in its $3 billion cash and stock acquisition of PGT Innovations

On December 18, 2023, Masonite International Corporation (NYSE: DOOR), a leading designer, manufacturer, marketer and distributor of interior and exterior doors and premium door systems, and PGT Innovations, Inc. (NYSE: PGTI), a designer and manufacturer of patio door and premium window solutions, and recognized leader in technically advanced products for impact rated glass applications, announced that they have entered into a definitive agreement under which Masonite will acquire PGTI for a combination of cash and Masonite shares with a total transaction value of $3.0 billion, or $41 per share of PGTI common stock.

Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Masonite.