Wayman Value Investing - Sell Alert

Portfolio Update

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Wayman will be selling its shares of Masonite International (DOOR).

Owens Corning (another portfolio holding) will acquire all outstanding shares of Masonite for $133.00 per share in cash, marking a substantial premium of approximately 38% over Masonite's most recent closing price.. With an implied transaction value of about $3.9 billion, this acquisition expands Owens Corning’s presence in the residential building materials sector, bolstering its portfolio with Masonite’s renowned doors business. Both companies anticipate synergies and increased value delivery to customers and shareholders through this strategic alignment.