Summit Materials Announces Expiration of the Competition Act (Canada) Waiting Period for Acquisition by Quikrete
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
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Source: Newsfilter
Merger Announcement: Summit Materials, Inc. has announced the expiration of the waiting period under the Competition Act in Canada for its acquisition by Quikrete Holdings, Inc. at $52.50 per share, with the merger expected to close in the first quarter of 2025 pending regulatory and shareholder approvals.
Company Backgrounds: Summit Materials is a leading producer of aggregates and cement, while Quikrete Holdings is a prominent building materials company; both companies aim to enhance their market presence through this merger.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
