Summit Announces Agreement to be Acquired by Quikrete for $11.5B
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Summit Materials (SUM) is set to be acquired by Quikrete for $11.5 billion, with the acquisition expected to be completed by the first half of 2025.
November 26, 2024 | 8:15 pm
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Summit Materials (SUM) will be acquired by Quikrete for $11.5 billion, with the deal expected to close by the first half of 2025.
The acquisition of Summit Materials by Quikrete for $11.5 billion is a significant event for SUM shareholders. The acquisition price may lead to a short-term increase in SUM's stock price as investors anticipate the premium paid by Quikrete. The completion timeline by the first half of 2025 provides a clear horizon for the transaction.
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IMPORTANCE 90
RELEVANCE 100