Quikrete Holdings to Acquire Summit Materials in $9.2 Billion Deal Amid Investigation

Nov 25, 2024, 11:03 AM

Quikrete Holdings has announced a $9.2 billion deal to acquire Summit Materials, a move that will combine two of the largest building materials manufacturers in the United States. The acquisition aims to enhance the operational capabilities and market reach of both companies. However, the deal has prompted an investigation by Ademi LLP to determine whether Summit Materials is obtaining a fair price for its public shareholders. Additionally, Reuters reported the deal's value at $11.5 billion, indicating a potential discrepancy in the reported figures. The news was reported exclusively by WSJ and ReutersBiz.