PGT Innovations (NYSE:PGTI) stockholders voted to approve merger agreement with MIWD Holding Company and an amendment to the amended and restated certificate of incorporation at a special meeting of the company’s stockholders.
MITER Brands will acquire shares of PGTI (PGTI) for $42.00 per share in cash.
The transaction will be financed in part by an equity investment from an affiliate of Koch Equity Development, the principal investment and acquisition arm of Koch Industries, that is a current investor in MITER Brands.
The transaction is expected to close later this month.
Upon completion of the transaction, PGTI (PGTI) will become a privately held company, and its common stock will no longer be listed on any public market.
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