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Masonite Int'l Confirms Termination Of Merger Agreement To Acquire PGT Innovations
(RTTNews) - Masonite International Corp. (DOOR) on Wednesday confirmed the termination of its previously announced definitive merger agreement to acquire PGT Innovations, Inc. (PGTI). In accordance with the terms of the merger agreement, Masonite received a termination fee of $84 million.
This termination follows the Masonite Board of Directors' decision not to submit a revised offer to acquire PGT Innovations, after being notified that the PGT Board had determined that a revised proposal from MITER Brands submitted on January 12, 2024, was a "superior proposal."
Masonite International said disciplined capital allocation will continue to support Doors That Do More strategy and drive enhanced shareholder value.
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Japan Manufacturing PMI Improves Top 49.9 - Jibun
The manufacturing sector in Japan continued to contract in August, although at a slower rate, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 49.9.
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6 minutes ago
Soft Start Predicted For Taiwan Stock Market
The Taiwan stock market has moved lower in two straight sessions, plunging more than 850 points or 3.8 percent along the way. The Taiwan Stock Exchange now sits just above the 23,625-point plateau and it's expected to at least open in the red again on Thursday.
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10 minutes ago
Win Streak May End For Singapore Stock Market
The Singapore stock market has moved higher in back-to-back sessions, collecting more than 30 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 4,220-point plateau although it figures to run out of steam on Thursday.
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40 minutes ago
Malaysia Bourse May Extend Wednesday's Losses
The Malaysia stock market on Wednesday snapped the two-day winning streak in which it had picked up almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau and the losses may accelerate on Thursday.
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1h 10min ago
Continued Consolidation Called For Nikkei
The Japan stock market has moved lower in two straight sessions, dropping more than 825 points or 1.9 percent along the way. The Nikkei 225 now sits just beneath the 42,890-point plateau and it may take further damage again on Thursday.
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1h 25min ago
New Zealand Has NZ$578 Million Trade Deficit
New Zealand posted a merchandise trade deficit of NZ$578 million in July, Statistics New Zealand said on Thursday.
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1h 34min ago
Australia Manufacturing PMI Improves To 52.9 - S&P Global
The manufacturing sector in Australia continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.9.
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1h 35min ago
KOSPI May Extend Losing Streak
The South Korea stock market has moved lower in three straight sessions, sinking almost 100 points or 3 percent along the way. The KOSPI now sits just above the 3,130-point plateau and it may tick lower again on Thursday.
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1h 40min ago
