Masonite(US:DOOR) Globenewswire·2026-02-13 19:57Core Viewpoint - A class action has been filed against Masonite International Corporation for allegedly misleading investors regarding its acquisition by Owens Corning's Doors, particularly concerning undisclosed offers and share repurchases [1][2][3]. Allegations - Robbins LLP is investigating claims that Masonite failed to disclose material information about Owens Corning's offers to purchase its stock at significant premiums, which misled investors about the true value of Masonite's shares [2][3]. - The complaint states that Masonite repurchased nearly 270,000 shares for approximately $25 million between June 2023 and December 2023, while knowing that Owens Corning was proposing offers at a premium [3]. Stock Price Movement - Following the announcement of the arrangement agreement on February 9, 2024, Masonite's stock price surged to $130.51, reflecting a 35.1% increase from the previous trading day's close [4].