Business & FinanceDeals
10 October 2023, 1:58 pm 1 minute
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.
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.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & FinanceFinancial ServicesMergers & Acquisition
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story