Summit Announces Agreement to be Acquired by Quikrete for $11.5B [Yahoo! Finance]
Summit Materials, Inc. Class A (SUM)
Last summit materials, inc. class a earnings: 4/29 06:00 am
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US:NYSE Investor Relations:
investors.summit-materials.com/news
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Source: Yahoo! Finance
The company stated that the acquisition agreement will deliver significant, immediate and certain cash value to its shareholders. Also, it believes that this transaction will offer opportunities for its employees and customers. Upon the announcement, the SUM stock lost 1.8% during the trading hours and edged down 0.1% in the after-hours on Monday. The strategic transaction will amalgamate Summit's aggregates, cement and ready-mix concrete businesses with Quikrete's concrete and cement-based products business. This will result in a vertically integrated North American construction materials solutions provider. The transaction price represents about 36% premium to Summit's unaffected 90-day volume weighted average price and an approximately 29% premium to its unaffected share price. This combination was collaboratively approved by the board of directors of Summit and Quikrete. The closure of the acquisition is expected in the first half of 2025, subject to regulatory approvals
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News
- Summit Materials, Inc. Is Being Investigated For Securities Fraud And Affected Investors Are Invited To Join The Schall Law Firm Accesswire
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Summit Materials, Inc. (NYSE – SUM), Entero Therapeutics, Inc. (Nasdaq - ENTO), Liberty Broadband Corporation (Nasdaq – LBRDA, LBRDK, LBRDP), Manitex International, IGlobeNewswire
- Summit Materials, Inc. (NYSE: SUM) had its "peer perform" rating re-affirmed by analysts at Wolfe Research.MarketBeat
- The Schall Law Firm Encourages Shareholders To Take Part In An Inquiry Into Summit Materials Inc For Securities Law Violations Accesswire
- Summit Materials, Inc. (NYSE: SUM) had its "hold" rating re-affirmed by analysts at Truist Financial Co.. They now have a $52.50 price target on the stock, down previously from $60.00.MarketBeat
SUM
Earnings
- 10/30/24 - Beat
SUM
Sec Filings
- 11/25/24 - Form DEFA14A
- 11/25/24 - Form DEFA14A
- 11/25/24 - Form DEFA14A
- SUM's page on the SEC website