Quikrete to acquire Summit Materials for $11.5 billion

Summit Materials Inc. has entered into a definitive agreement to be acquired by Quikrete Holdings Inc. for $52.50 per share in cash, with a total enterprise value of approximately $11.5 billion including debt. The transaction is expected to close in the first half of 2025.

“We are pleased to have reached this agreement which will deliver significant, immediate and certain cash value to our shareholders.”vtca.org

• 2 sources
• vtca.orgSummit Materials Enters into Definitive Agreement to be Acquired by Quikrete - Virginia Transportation Construction AllianceJan 8, 2025
• prnewswire.comSummit Materials Completes Merger with QuikreteSummit Materials, Inc.Feb 10, 2025

Summarized from public sources; check the original articles before acting on it.