Masonite shareholders approve takeover by Owens Corning

Masonite (DOOR) announced that its shareholders have voted to approve the company’s proposed transaction with Owens Corning (OC) at its special meeting. Under the terms of the transaction, Masonite shareholders will receive $133 per share in cash in connection with the closing of the transaction. Masonite continues to expect to complete the transaction in mid-2024.