PGT Inc’s Significant Merger and Corporate Restructuring

An update from PGT Inc (PGTI) is now available.

PGT Innovations, Inc. completed a significant merger on March 28, 2024, transforming into a wholly owned subsidiary and delisting from the NYSE. Prior to the merger, the company settled all debts under its Credit Agreement and Indenture, ensuring a clean financial slate. As a result of the merger, shareholders were paid $42.00 in cash for each common share, with provisions made for vested and performance-based shares. Additionally, all directors and officers of PGTI resigned, with new leadership including Matt DeSoto as CEO taking the helm. This strategic move marks a major shift in the company’s structure and strategy, with potential implications for investors and the market.

For detailed information about PGTI stock, go to TipRanks’ Stock Analysis page.