Summit Materials Inked An Agreement To Merge With Argos North America Corp. In A Cash And Stock Transaction Valued At $3.2B
Portfolio Pulse from Benzinga Newsdesk
Summit Materials, Inc. (NYSE:SUM) has announced a definitive agreement to merge with Argos North America Corp., the U.S. operations of Cementos Argos S.A., in a cash and stock transaction valued at $3.2 billion.
September 07, 2023 | 11:24 am
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Summit Materials is merging with Argos North America, a move that could potentially expand its market reach and increase its assets.
The merger with Argos North America could potentially expand Summit Materials' market reach and increase its assets, which could lead to a positive impact on its stock price in the short term.
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