Summit Materials Announces Stockholder Approval of Quikrete Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2025
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Should l Buy ?
Source: PRnewswire
Acquisition Announcement: Summit Materials, Inc. has received stockholder approvals for its acquisition by Quikrete Holdings, Inc., with the transaction expected to close in the first quarter of 2025, resulting in Summit becoming a privately held subsidiary.
Advisors Involved: Morgan Stanley and Evercore are financial advisors for Summit, while Wells Fargo is advising Quikrete; legal counsel includes Davis Polk & Wardwell LLP for Summit and Troutman Pepper Locke LLP for Quikrete.
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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.
