India, Aug. 6 -- Wednesday, MasterBrand, Inc. (MBC) has agreed to merge with American Woodmark Corp. (AMWD) in an all-stock deal, forming a combined company of an enterprise value of $3.6 billion.
As per the deal, American Woodmark shareholders will receive 5.150 shares of MasterBrand common stock for each share of the company's stock owned.
Notably, MasterBrand and American Woodmark shareholders will own approximately 63 percent and 37 percent of the combined company, respectively, on a fully diluted basis.
The deal expects the combined entity, to be led by Dave Banyard, to provide a broader product portfolio across expanded channels, advance its innovation capabilities, and create exciting opportunities for team members.
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