Advertisement
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.
read more
Japanese Market Sharply Lower
The Japanese stock market is trading sharply lower on Wednesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 43,000 mark, with weakness in index heavyweights and technology stocks partially offset by gains in automakers and financial stocks.
RTTNews
|
18 dakika önce
Indonesia Stock Market Tipped To Open Under Water
The Indonesia stock market has moved lower in consecutive trading days, falling almost 70 points or 0.9 percent along the way. The Jakarta Composite Index now sits just above the 7,860-point plateau and it's likely to remain stuck in neutral again on Wednesday.
RTTNews
|
26 dakika önce
Australian Market Modestly Lower
Australian shares are trading modestly lower on Wednesday, adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 8,900 level, following the mixed cues from Wall Street overnight, with weakness in mining, energy and technology stocks partially offset by gains in financial stocks.
RTTNews
|
36 dakika önce
Soft Start Expected For Hong Kong Stock Market
The Hong Kong stock market has moved lower in four straight sessions, slumping more than 480 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 25,120-point plateau and it may continue to sputter on Wednesday.
RTTNews
|
41 dakika önce
China Shares May Test Support At 3,700 Points On Wednesday
The China stock market on Tuesday snapped the two-day winning streak in which it had gained more than 60 points or 1.7 percent. The Shanghai Composite Index now sits just beneath the 3,730-point plateau and it's likely to open under water again on Wednesday.
RTTNews
|
56 dakika önce
Lower Open Called For Taiwan Stock Market
The Taiwan stock market on Tuesday ended the two-day winning streak in which it had picked up almost 250 points or 1 percent. The Taiwan Stock Exchange now sits just above the 24,350-point plateau and it may be stuck in neutral in again on Wednesday.
RTTNews
|
1s 26 dakika önce
Japan Has Y117.550 Billion Trade Deficit In July
Japan posted a merchandise trade deficit of 117.550 billion yen in July, the Ministry of Finance said on Wednesday.
RTTNews
|
1s 46 dakika önce
Renewed Consolidation Likely For Singapore Shares
The Singapore stock market on Tuesday ended the three-day slide in which it had dropped more than 80 points or 1.9 percent. The Straits Times Index now sits just above the 4,215-point plateau although it figures to head south again on Wednesday.
RTTNews
|
1s 56 dakika önce
