Masonite International Corporation Announces Acquisition of Fleetwood For $285M In Cash
Portfolio Pulse from Benzinga Newsdesk
Masonite International Corporation has announced the acquisition of Fleetwood for $285 million in cash.
October 19, 2023 | 9:01 pm
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Masonite International Corporation, listed as DOOR, has acquired Fleetwood for $285 million in cash. This could potentially strengthen the company's market position.
Acquisitions often lead to an increase in market share and potential synergies. This acquisition could potentially strengthen Masonite's market position and lead to increased revenues in the future. Therefore, the short-term impact on the stock price is likely to be positive.
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