Quikrete Acquires Summit Materials for $11.5 Billion in Cash

Summit Materials, Inc. (SUM) entered a merger agreement on November 25, 2024, to be acquired by Quikrete Holdings, Inc. in an all-cash deal valued at $11.5 billion.

Deal Structure:

As per the agreement, Summit Materials will be acquired by Quikrete Holdings for $52.50 per share in cash, representing a premium of 1.63% from the stock’s last close.

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