secwatch.observer — SEC 8-K summary
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Issuer:     MasterBrand, Inc. (MBC)
CIK:        0001941365
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001140361-24-026961
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasterBrand to acquire Supreme Cabinetry Brands for $520M cash; Q3 2024 close expected
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- Purchase price $520M cash; multiple ~8.9x Supreme's adj. EBITDA pre-synergies, ~5.9x post-synergies.
- Annual cost synergies of $28M expected by end of year three; deal accretive to adjusted diluted EPS in first full year.
- Supreme adds premium cabinetry brands, expands dealer network; transaction subject to HSR and customary conditions.
- Termination fee of $25M payable by MasterBrand if antitrust conditions fail to close by extended deadline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941365/000114036124026961/0001140361-24-026961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941365/000114036124026961/ef20029605_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-026961

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