MITER Brands To Acquire PGT Innovations For $42 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
MITER Brands has announced its intention to acquire PGT Innovations for $42 per share in an all-cash transaction. This acquisition is expected to have a significant impact on PGT Innovations' stock price in the short term.
January 17, 2024 | 2:04 pm
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PGT Innovations is being acquired by MITER Brands for $42 per share in cash, which is likely to influence its stock price positively in the short term.
Acquisitions typically lead to a rise in the stock price of the company being acquired, especially when the acquisition price is at a premium to the current market price. Investors may see the $42 per share cash offer as a strong incentive to invest, thus driving up the stock price in the short term.
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