Last Friday, Owens Corning and Masonite International Corporation, a global provider of interior and exterior doors and door systems, announced that they have entered into a definitive agreement where OC will acquire all outstanding shares of Masonite for $133.00 per share in cash.
In a Feb. 9 news release, OC said the purchase price represents an approximate 38% premium to Masonite’s closing share price on the NYSE as of Feb. 8, which the company said was “an approximate 46% premium to Masonite’s 20-day volume-weighted average price.”