Miter Brands (MI Windows and Doors, Milgard Windows and Doors) tendered an offer of $1.9 billion, in an attempt to acquire Venice, Fla.-based PGT Innovations Inc., according to Reuters. An article posted by the news outlet Tuesday, October 10, said PGTI’s board of directors turned down the “fully-financed $33-per-share offer,” deeming it “inadequate.”

Reuters based its reporting on “people familiar with the situation,” who are “requesting anonymity because the matter is confidential,” the article said.

When [DWM] reached out to PGTI, “as a matter of policy, PGT Innovations does not comment on rumors or speculation,” responded Stephanie Cz, the company’s corporate marketing manager.

By press time, Miter Brands failed to comment.

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