PGT Innovations Stockholders Approve Merger with MITER Brands
PGT Innovations Inc. announced that its stockholders voted to approve the definitive merger agreement with MIWD Holding Company LLC (“Miter Brands”) and an amendment to the Amended and Restated Certificate of Incorporation of the Company at a special meeting of the company’s stockholders.
The final voting results for the special meeting were filed in a Form 8-K with the U.S. Securities and Exchange Commission on March 18, 2024.
As previously announced, under the terms of the definitive merger agreement, Miter Brands will acquire all of the outstanding shares of PGTI common stock for $42 per share in cash. The transaction will be financed in part by an equity investment from an affiliate of Koch Equity Development LLC, the principal investment and acquisition arm of Koch Industries Inc., which is a current investor in Miter Brands. The transaction is expected to close later this month. Upon completion of the transaction, PGTI will become a privately held company, and its common stock will no longer be listed on any public market.