Atlanta, GA-based Quikrete is in advanced talks to acquire Summit Materials, according to a Nov. 21 Wall Street Journal report that cited people familiar with the matter. The “people” told the WSJ an ...
Just four days after a report first surfaced Quikrete and Summit Materials were in advanced talks for an acquisition, both companies shared that Quikrete is indeed buying Summit for $9.2 billion.
Quikrete, the privately held Georgia concrete ... within $2 a share of its all-time high. Since becoming Summit CEO four years ago, Anne Noonan has been divesting “noncore assets” to drive ...
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Upon completion of the transaction, Summit will become a privately held subsidiary of Quikrete and its common stock will no longer be traded on the NYSE. Summit's largest shareholder, Cementos Argos, ...
Credit: Shine Nucha via Shutterstock. Quikrete Holdings has signed a definitive agreement to acquire Summit Materials, which produces aggregates and cement, for an enterprise value of approximately ...
has entered into an agreement pursuant to which it has committed to vote all of its shares of Summit’s common stock in favor of the transaction. Quikrete has obtained commitment letters for the ...
said “We are thrilled to welcome Summit into the Quikrete family.” He added, “This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence.” ...
(Bloomberg) -- Quikrete Holdings Inc. agreed to acquire Summit Materials Inc. in a deal valued at about $11.5 billion including debt to capture a bigger share of the US building materials market.