Summit Materials, Inc. (SUM) News

Summit Materials, Inc. (SUM): $52.16

0.04 (-0.08%)

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Latest SUM News From Around the Web

Below are the latest news stories about SUMMIT MATERIALS INC that investors may wish to consider to help them evaluate SUM as an investment opportunity.

Summit Materials Announces Expiration of the Competition Act (Canada) Waiting Period for Acquisition by Quikrete

Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials" or the "Company"), a leading producer of aggregates and cement, today announced the expiration of the waiting period under the Competition Act (Canada), as amended, in connection with Summit's previously announced definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete" or the "Purchaser") for $52.50 per share in cash (the "Merger").

Yahoo | January 9, 2025

Summit Materials Announces Expiration of HSR Act Waiting Period for Acquisition by Quikrete

Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials" or the "Company"), a leading producer of aggregates and cement, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with Summit's previously announced definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete" or the "Purchaser") for $52.50 per share in cash (the "Merger").

Yahoo | January 7, 2025

Summit Announces Agreement to be Acquired by Quikrete for $11.5B

SUM is set to be acquired by Quikrete by the first half of 2025 for $11.5 billion.

Yahoo | November 26, 2024

Quikrete Holdings to acquire Summit Materials for $11.5bn

Post-acquisition, Summit will operate as Quikrete’s privately held subsidiary and will delist from the NYSE.

Yahoo | November 26, 2024

Summit Materials to be acquired by Quikrete for $52.50 per share in cash

Summit Materials (SUM) announced it has entered into a definitive agreement to be acquired by Quikrete for $52.50 per share in cash, for a total enterprise value of approximately $11.5B, including debt. The transaction price represents an approximately 36% premium to Summit’s unaffected 90-day volume weighted average price and an approximately 29% premium to Summit’s unaffected share price. The combination has been unanimously approved by the Summit and Quikrete boards of directors. The transact

Yahoo | November 26, 2024

Summit Materials to Be Taken Private by Quikrete in $11.5 Billion Deal

Summit Materials (SUM) said Monday it agreed to be acquired and taken private by packaged concrete manufacturer Quikrete Holdings in a deal with an enterprise value of about $11.

Yahoo | November 25, 2024

Summit Materials Scooped Up: Quikrete Strikes $11.5 Billion Deal To Cement Industry Presence

Summit Materials, Inc. (NYSE:SUM) shares are trading higher on Monday. The company inked a definitive deal to be acquired by privately owned family business Quikrete Holdings for $52.50 per share in cash, valuing the transaction at approximately $11.5 billion, including debt. The deal price represents a 36% premium to Summit’s 90-day volume-weighted average price and a 29% premium to its unaffected share price. In October, Summit Materials disclosed receiving a non-binding acquisition proposal.

Yahoo | November 25, 2024

Concrete-Maker Quikrete Strikes $9.2 Billion Deal for Summit Materials

Quikrete Holdings has struck a $9.2 billion deal to acquire Summit Materials bringing together two of the biggest makers of building materials in the U.S. Privately held Quikrete is expected to pay $52.50 a share in cash for Summit, the companies said Monday, confirming an earlier report from The Wall Street Journal. Shares of Denver-based Summit closed Friday at $51.66, giving the company a market value of about $9.1 billion.

Yahoo | November 25, 2024

Quikrete to take Summit Materials private in deal valued at $11.5 billion

(Reuters) -Summit Materials said on Monday rival Quikrete would acquire the company in a deal valued at $11.5 billion, in a move to capitalize on higher demand for building materials. The company's shares, however, have been trading at a discount to its industry peers such as Vulcan Materials and Martin Marietta Materials. Privately held Quikrete approached Summit with an acquisition offer in October, Reuters had reported.

Yahoo | November 25, 2024

Summit Materials Enters into Definitive Agreement to be Acquired by Quikrete for $52.50 Per Share in Cash

Summit Materials, Inc. (NYSE: SUM), ("Summit," "Summit Materials," "Summit Inc." or the "Company") a leading producer of aggregates and cement, today announced it has entered into a definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete") for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and a

Yahoo | November 25, 2024


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