Summit Materials Announces Expiration of HSR Act Waiting Period for Acquisition by Quikrete
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Summit Materials announced the expiration of the HSR Act waiting period for its acquisition by Quikrete Holdings. The merger, valued at $52.50 per share, is expected to close in Q1 2025, pending regulatory and stockholder approvals.
January 07, 2025 | 5:30 pm
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Summit Materials' acquisition by Quikrete is progressing as the HSR Act waiting period has expired. The deal is valued at $52.50 per share and is expected to close in Q1 2025, subject to remaining approvals.
The expiration of the HSR Act waiting period is a significant step towards the completion of the acquisition, indicating regulatory hurdles are being cleared. This progress is likely to positively impact SUM's stock price as the market anticipates the merger's completion.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100