Posts Tagged ‘ buyout ’

PGTI Backs Out on Masonite for New $3.1 Billion Deal

Jan 17th, 2024

After a buyout turned merry-go-round for Venice, Florida-based PGT Innovations Inc., officials announced Wednesday they’ve reached a final deal with Miter Brands—more “final” than the deal they made with Masonite in December, it seems. Masonite issued a press release announcing the termination of its agreement to purchase PGTI, instead pocketing an $84 million fee. The […]

PGTI Softly Rejects Latest Offer from Miter While Providing Punchlist for Better Deal

Jan 8th, 2024

Pass the Catchup: In October 2023, Miter Brands (MI Windows and Doors, Milgard Windows and Doors) tendered an offer for PGTI at $1.9 billion. PGTI rejected the deal. In December, Miter upped its offer to $2.2 billion, only to be turned down again. Days later, a deal was announced with Masonite, in which the company agreed to […]

Miter Makes Another Offer on PGT Innovations

Dec 14th, 2023

Miter Brands faced another rejection from PGT Innovations Inc. this week, after the company returned with a second offer for buyout, Reuters reported. The latest $2.2 billion offer follows a $1.9 billion bid in October 2023. Reuters based its reporting on “people familiar with the situation,” who are “requesting anonymity because the matter is confidential,” […]