Owens Corning Announces Expiration Of Hart-Scott-Rodino Waiting Period For Planned Acquisition Of Masonite
Portfolio Pulse from Benzinga Newsdesk
Owens Corning (OC) announced the expiration of the Hart-Scott-Rodino waiting period for its acquisition of Masonite (DOOR), moving closer to finalizing the deal in May 2024 after Masonite shareholders approved the acquisition.
April 29, 2024 | 12:24 pm
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POSITIVE IMPACT
Masonite's acquisition by Owens Corning is set to close in May 2024, following shareholder approval and the expiration of the HSR Act waiting period.
The approval by Masonite's shareholders and the expiration of the HSR Act waiting period are critical steps towards finalizing the acquisition, which is likely to have a positive impact on Masonite's stock price in the short term due to anticipated synergies and growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Owens Corning moves closer to acquiring Masonite with the expiration of the HSR Act waiting period, aiming for a May 2024 closure.
The expiration of the HSR Act waiting period is a significant step towards completing the acquisition, likely leading to positive investor sentiment and potential stock price increase for Owens Corning in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90