Concrete supplier Quikrete is buying rival Summit Materials, in a deal valued at $11.5 billion that will capitalize on high demand for building materials, the company said in a statement Nov.

The deal has been unanimously approved by both Summit and Quikrete’s Boards of Directors. The transaction will combine Summit’s aggregates, cement, and ready-mix concrete businesses with ...

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 ...

Privately held Quikrete approached Summit with an acquisition offer in October, Reuters had reported. The concrete maker's $52.50 per share offer represents an about 29.2% premium to Summit's closing ...

With interest rates coming down, the largest concrete company is buying Summit at a deal value of $11.5 billion including debt Quikrete, the largest cement maker in the U.S., announced Monday ...

In October, Summit Materials disclosed receiving a non-binding acquisition proposal. The deal has been unanimously approved by both Summit and Quikrete’s Boards of Directors. The transaction will ...