Owens Corning to acquire Masonite for $3.9 billion

Owens Corning announced a definitive agreement to acquire all outstanding shares of Masonite International Corporation for $133.00 per share in cash, with an implied transaction value of approximately $3.9 billion. The acquisition strengthens Owens Corning's position in residential building materials.

“Owens Corning will acquire all outstanding shares of Masonite for $133.00 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024.”investor.owenscorning.com

• 3 sources
• investor.owenscorning.comOwens Corning - Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction MaterialsFeb 9, 2024
• investor.owenscorning.comOwens Corning - Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction MaterialsFeb 9, 2024
• axios.comOwens Corning to buy doormaker Masonite for $3.9 billionDan PrimackFeb 9, 2024

Summarized from public sources; check the original articles before acting on it.