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Stock impact report

MITER Brands Completes Acquisition of PGT Innovations, Inc.

PGT Innovations, Inc. (PGTI) 
Last pgt innovations, inc. earnings: 2/25 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.pgtinnovations.com
Company Research Source: Business Wire
VENICE, Fla.--(BUSINESS WIRE)--PGT Innovations, Inc. (“PGTI” or the “Company”) (NYSE: PGTI) today announced that MIWD Holding Company LLC (“MITER Brands”) completed the acquisition of PGTI. The transaction was announced on January 17, 2024, and received approval of PGTI's stockholders on March 18, 2024. In accordance with the definitive merger agreement, PGTI stockholders will receive $42.00 in cash for each share of PGTI common stock.With the completion of the acquisition, PGTI's common stock has ceased trading and will no longer be listed on the NYSE. The transaction was financed in part by an equity investment from an affiliate of Koch Equity Development LLC (“KED”), the principal investment and acquisition arm of Koch Industries, Inc. (“KII”), that is a current investor in MITER Brands.AdvisorsKeyBanc Capital Markets Inc. and RBC Capital Markets acted as financial advisors and provided committed debt financing to MITER Brands. Stinson LLP acted as legal counsel and Simpson Tha Show less Read more
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