17 January 2024

On January 17th, 2024 MITER Brands (“MITER”), a nationwide manufacturer of precision-built windows and doors, and PGT Innovations Inc. (“PGTI”, NYSE: PGTI), a manufacturer of premium windows and doors, announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI at a price of $42.00 per share in cash.

The offer price reflects an enterprise value of about $3.1 billion.

The merger agreement has been unanimously approved by the boards of directors of both companies.

The transaction will be financed in part by an equity investment from KochEquity Development LLC, the principal investment and acquisition arm of Koch Industries, Inc., and a current investor in MITER.

MITER Brands to Acquire PGT Innovations for $42.00 Per Share in Cash

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