M&A
confidence medium
sentiment neutral
materiality 0.75
Owens Corning files pro forma financials for $133/share Masonite acquisition
Owens Corning
- Acquisition price $133.00 per Masonite share, ~38% premium to Feb 8, 2024 close.
- Financing via cash on hand and $3B committed term loan from Morgan Stanley.
- Tender offer for Masonite 5.375% notes due 2028; 93.74% tendered as of May 9, 2024.
- Pro forma balance sheet and earnings statements filed for periods ended Mar 31, 2024 and Dec 31, 2023.
- Shareholder approval obtained Apr 25, 2024; HSR waiting period expired Apr 26, 2024.