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Door maker PGT rebuffs $1.9 bln offer from Koch-backed Miter  | Reuters News Agency

Business & FinanceDeals

Reuters was first to report that PGT Innovations Inc (PGTI.N), a U.S. maker of vinyl and aluminum doors and windows, rebuffed a $1.9 billion acquisition offer from Miter Brands, a competitor backed by Koch Industries.

Market Impact

PGT’s board of directors turned down Miter’s fully-financed $33-per-share offer which it deemed inadequate, the sources said. Miter is considering raising its bid to a $36 per share, one of the sources added. PGT shares ended trading on Monday at $26.20. 

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Business & FinanceFinancial ServicesMergers & Acquisition

Regions: Americas

Countries: US

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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