With interest rates coming down, the largest concrete company is buying Summit at a deal value of $11.5 billion including debt. Article Attribution | Read More at Article Source The post Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials appeared first on RocketNews.

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Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials

Privately held Quikrete is expected to pay US$ 52.50 per share in cash for Summit, the companies said on Monday (25)

Espera-se que a Quikrete, de capital fechado, pague US$ 52,50 por ação em dinheiro pela Summit, disseram as empresas nesta segunda-feira (25)

Acordo de US$ 9,2 bi entre Quikrete e Summit Materials cria gigante de material de construção

Globo

Roberto Irineu Marinho

Brazil

$9.2 billion deal between Quikrete and Summit Materials creates construction material giant

On Monday, Summit Materials, in which Cementos Argos holds a 31% stake, announced that it has signed a final agreement to be acquired by Quikrete Holdings, leader in the ready-to-use construction materials segment and one of the largest private corporations in the industry in the country.The transaction was unanimously approved by the Summit and Quikrete boards of directors, and is expected to close in the first half of 2025, subject to the appr…

Este lunes, Summit Materials, en la que Cementos Argos posee una participación del 31%, anunció que ha firmado un acuerdo definitivo para ser adquirida por Quikrete Holdings, líder en el segmento de materiales de construcción listos para usar y una de las corporaciones privadas más grandes de la industria en el país.La transacción fue aprobada de manera unánime por las juntas directivas de Summit y Quikrete, y se espera que se cierre en la prime…

Cementos Argos recibirá US$2.875 millones por su 31% en Summit Materials

Bloomberg Linea

Cementos Argos will receive $2,875 million for its 31% in Summit Materials

Concrete-maker Quikrete has struck a $9.2 billion deal for Summit Materials that would merge the two largest producers of building materials in the nation, The Wall Street Journal reports.  Privately held Quikrete, based in Atlanta, is expected to pay $52.50 a share in cash for Summit, the companies said Monday, confirming an earlier report from The Wall Street Journal. Including debt, the deal values Summit at $11.5 billion. Deal activity in th…

Business Report

This deal would create a behemoth producer of construction materials in North America

Summit Materials. Image: Courtesy. The U.S. Aggregate and Concrete Company, Summit Materials – of which Cementos Argos is a shareholder today – announced Monday the signing of the final agreement to be acquired by Quikrete Holdings, for $52.50 per cash share, for a total business value of approximately US$11,500 million, including debt. The transaction combines Summit aggregates, cement and premixed concrete businesses with Quikrete’s leading co…

Summit Materials. Imagen: Cortesía. La compañía estadounidense de agregados y concreto, Summit Materials -de la cual hoy hace parte como accionista Cementos Argos- anunció este lunes la firma del acuerdo definitivo para ser adquirida por Quikrete Holdings, por US$52,50 por acción en efectivo, por un valor empresarial total de aproximadamente US$11.500 millones, incluida la deuda. La transacción combina los negocios de agregados, cemento y hormig…

Summit Materials confirma compra por parte de Quikrete

Valora Analitik

Summit Materials confirms purchase by Quikrete

Summit Materials (NYSE:SUM – Get Free Report)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday,Benzinga reports. They presently have a $52.50 price objective on the construction company’s stock, up from their previous price objective of $43.00. JPMorgan Chase & Co.‘s price […]

wkrb13.com

Summit Materials (NYSE:SUM) Earns Neutral Rating from JPMorgan Chase & Co.

Media Bias/Fact Check

Summit Materials, a company in which Cementos Argos holds a 31% stake, announced the signing of a definitive agreement to be acquired by Quikrete Holdings, a leader in ready-to-use construction materials. The transaction, approved by the boards of directors of both companies, is expected to close in the first half of 2025, once regulatory approvals and the endorsement of Summit shareholders are obtained. Cementos Argos, as Summit's main sharehol…

Summit Materials, empresa en la que Cementos Argos posee el 31% de participación, anunció la firma de un acuerdo definitivo para ser adquirida por Quikrete Holdings, líder en materiales de construcción listos para usar. La transacción, aprobada por las juntas directivas de ambas compañías, está prevista para cerrarse en la primera mitad de 2025, una vez se obtengan las autorizaciones regulatorias y el aval de los accionistas de Summit.  Cementos…

Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials

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