Masonite International Corporation shares are trading lower after the company announced the acquisition of PGT Innovations.
Portfolio Pulse from Benzinga Newsdesk
Masonite International Corporation's stock is trading lower following the announcement of its acquisition of PGT Innovations.
December 18, 2023 | 3:41 pm
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Masonite International Corporation's stock price has decreased after the company announced it is acquiring PGT Innovations.
The decline in Masonite's stock price could be due to market concerns over the costs associated with the acquisition, potential dilution of shares, or integration risks. Investors often react to acquisition news with caution, leading to a short-term drop in the acquiring company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100