Press release
Lawsuit filed for Investors who lost money with shares of Masonite International Corporation (formerly NYSE: DOOR)
A lawsuit was filed on behalf of investors in Masonite International Corporation (formerly NYSE: DOOR) shares.
Investors who purchased a significant amount of shares of Masonite International Corporation (formerly NYSE: DOOR) have certain options and for certain investors are short and strict deadlines running. Deadline: April 7, 2026. Formerly NYSE: DOOR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On 15 May, 2024, Owens Corning (NYSE: OC) announced it has completed its acquisition of Masonite International Corporation ("Masonite"). All outstanding Masonite common shares have been acquired by Owens Corning for $133.00 per share, with an implied transaction value of approximately $3.9 billion.
According to the complaint the plaintiff alleges on behalf of purchasers of Masonite International Corporation (formerly NYSE: DOOR) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the defendants knew that Masonite International Corporation had received multiple formal acquisition offers from Owens Corning to purchase all outstanding shares of Masonite International Corporation common stock at prices significantly above the then-current market prices of Masonite International Corporation common stock, and therefore significantly above the prices at which Masonite International Corporation was repurchasing Masonite common stock from unsuspecting class members, and that Masonite International Corporation had an obligation to disclose that it had received these formal acquisition offers from Owens Corning or abstain from purchasing Masonite stock from unsuspecting investors.
Those who purchased shares of Masonite International Corporation (formerly NYSE: DOOR) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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