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Masonite International Corp - DOOR STOCK NEWS

Welcome to our dedicated news page for Masonite International (Ticker: DOOR), a resource for investors and traders seeking the latest updates and insights on Masonite International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Masonite International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Masonite International's position in the market.

Rhea-AI Summary
PGT Innovations, Inc. (PGTI) announced that its Board of Directors is considering an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGTI common stock for $41.50 per share in cash, which is competing with PGTI's definitive agreement to be acquired by Masonite International Corp for $41.00 per share, comprised of $33.50 in cash and 0.07353 shares of Masonite common stock. This announcement comes after PGTI engaged with 12 different potential strategic and financial counterparties, including Miter, and received a total of 15 proposals with ever-increasing deal values, which culminated in the definitive agreement with Masonite for $41.00 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.37%
Tags
management
-
Rhea-AI Summary
PGT Innovations, Inc. (PGTI) announced that its Board of Directors is considering an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGTI common stock for $41.50 per share in cash, which is competing with PGTI's definitive agreement to be acquired by Masonite International Corp for $41.00 per share, comprised of $33.50 in cash and 0.07353 shares of Masonite common stock. This announcement comes after PGTI engaged with 12 different potential strategic and financial counterparties, including Miter, and received a total of 15 proposals with ever-increasing deal values, which culminated in the definitive agreement with Masonite for $41.00 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
management
-
Rhea-AI Summary
PGT Innovations, Inc. (NYSE: PGTI) has received an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGT Innovations’ common stock for $41.50 per share in cash. This comes after PGT Innovations entered into a definitive agreement to be acquired by Masonite International Corp. (NYSE: DOOR) for $41.00 per share in cash and Masonite stock, representing a premium of approximately 56.5% over the closing price per share of PGTI common stock on October 9, 2023. PGT Innovations’ Board of Directors will carefully review Miter Brands’ proposal to determine if it is reasonably likely to lead to a superior proposal. Shareholders are advised to take no action at this time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
none
Rhea-AI Summary
PGT Innovations, Inc. (NYSE: PGTI) has received an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGT Innovations’ common stock for $41.50 per share in cash. This comes after PGT Innovations entered into a definitive agreement to be acquired by Masonite International Corp. (NYSE: DOOR) for $41.00 per share in cash and Masonite stock, representing a premium of approximately 56.5% over the closing price per share of PGTI common stock on October 9, 2023. PGT Innovations’ Board of Directors will carefully review Miter Brands’ proposal to determine if it is reasonably likely to lead to a superior proposal. Shareholders are advised to take no action at this time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
none
-
Rhea-AI Summary
Masonite International Corporation (NYSE: DOOR) will acquire PGT Innovations, Inc. (NYSE: PGTI) for a total transaction value of $3.0 billion. The acquisition will be a combination of cash and Masonite shares, with PGT Innovations shareholders receiving $41.00 per share, representing a 24% premium to the 30-day volume weighted average share price. The deal is expected to provide Masonite with complementary product offerings, expanded routes to market, and significant synergies, positioning the company for sustainable long-term value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.97%
Tags
acquisition
-
Rhea-AI Summary
Masonite International Corporation (NYSE: DOOR) will acquire PGT Innovations, Inc. (NYSE: PGTI) for a total transaction value of $3.0 billion. The acquisition will be a combination of cash and Masonite shares, with PGT Innovations shareholders receiving $41.00 per share, representing a 24% premium to the 30-day volume weighted average share price. The deal is expected to provide Masonite with complementary product offerings, expanded routes to market, and significant synergies, positioning the company for sustainable long-term value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.39%
Tags
acquisition
Rhea-AI Summary
Masonite International Corporation (NYSE: DOOR) announced a 4% decline in net sales year over year, but maintained strong focus on price-cost management. Operating cash flow for the year was $310 million. The company also revealed the acquisition of Fleetwood, a premium provider of glass door systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.22%
Tags
earnings
-
Rhea-AI Summary
Masonite acquires Fleetwood Aluminum Products for $285 million in cash, expanding its portfolio of customizable, aluminum-framed glass door systems for luxury homes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.81%
Tags
acquisition
-
Rhea-AI Summary
Masonite International Corporation to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
earnings
Rhea-AI Summary
Masonite completes nationwide rollout of the Masonite Performance Door System at home improvement retailers in the U.S. and Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
none
Masonite International Corp

NYSE:DOOR

DOOR Rankings

DOOR Stock Data

2.89B
21.51M
1.28%
97.75%
3.07%
Wood Window and Door Manufacturing
Manufacturing
Link
United States
Tampa

About DOOR

our vision is to be the best provider of building products in the eyes of our customers, employees, shareholders, suppliers and communities. at masonite, we understand that people are key. we are a composite of diverse people who come together by showing support and respect to one another. we hire people that demonstrate integrity under pressure. integrity is at the foundation of everything we do. it is in each door we make, in our commitment delivery and in our honest and sincere communication. our employees are flexible, versatile and resilient. our ability to weather any storm, to bend without breaking, is what allows us to hear the knock and open the door with confidence, no matter what’s on the other side. at masonite, we hold the door open for each other and for new ideas. we want everyone to freely contribute ideas and add value, so we are positive and encouraging. this collaborative environment is what makes masonite a transparent, fair company- one that doesn’t hide behind clo