Quikrete Makes Takeover Approach for Summit Materials [Yahoo! Finance Canada]
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 Canada
(Bloomberg) -- Quikrete Holdings Inc. has approached Summit Materials Inc. about a potential takeover, people familiar with the matter said. Most Read from Bloomberg The privately held building materials maker is working with advisers as it pursues a bid for Denver-based Summit, the people said, asking not to be identified discussing confidential information. The price per share being discussed is in the “low 50s,” one of the people said. Summit said in a statement Thursday that it had received a non-binding acquisition proposal and has held initial discussions with the interested party, which it didn't identify. Morgan Stanley and Evercore Inc. are advising Summit and the offer will be carefully evaluated by the company's board, according to the statement. The deliberations are ongoing and the price being discussed and other terms could change, or the companies could decide against a combination, the people said. A representative for Quikrete couldn't immediately be reached
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SUM
News
- Summit Materials Responds to Media Reports [Yahoo! Finance]Yahoo! Finance
- Summit Materials Responds to Media ReportsPR Newswire
- Summit Materials, Inc. (NYSE: SUM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Summit Materials, Inc. (NYSE: SUM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- There Might Be More To Summit Materials' (NYSE:SUM) Story Than Just Weak Earnings [Yahoo! Finance]Yahoo! Finance
SUM
Earnings
- 10/30/24 - Beat
SUM
Sec Filings
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- SUM's page on the SEC website