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InsideArbitrage Potential Deal Alert: Door maker PGT Rebuffs Offer From Miter Brands

  • December 13, 2023


StockPGT Innovations, Inc.SymbolPGTI
Date Announced10/09/2023Source Reuters
TypeNews Report
Date of Confirmation: 01/17/2024Price at Confirmation: $40.98
Potential Profit: 28.26%Annualized Profit: 103.16%

According to Reuters, PGT Innovations Inc (PGTI), 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.


December 13, 2023: According to Reuters, PGT Innovations (PGTI) rejected a bid valued at about $2.2 billion from Miter Brands.

PGT Innovations Inc Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.