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Market
Will Quikrete complete the acquisition of Summit Materials by December 31, 2024?
3
Resolution / Starting Odds
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Official press releases from Quikrete or Summit Materials, or financial news outlets such as Bloomberg or Reuters
Story
Quikrete to Acquire Summit Materials for $11.5 Billion, Offering 29.2% Premium at $52.50 Per Share
Nov 25, 2024, 03:15 PM
Quikrete Holdings has announced a deal to acquire Summit Materials in a transaction valued at $11.5 billion, including debt. The acquisition, which offers a 29.2% premium to Summit Materials shareholders at $52.50 per share, will result in Summit Materials being taken private. The deal is supported by a $9.2 billion debt package, signaling a potential resurgence of large-scale buyouts on Wall Street. This move aims to consolidate Quikrete's position in the U.S. building materials market, as the company prepares for a potential construction boom.
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Similar markets
Yes • 50%
No • 50%
$9.2 billion • 25%
$11.5 billion • 25%
Other amount less than $9.2 billion • 25%
Other amount more than $11.5 billion • 25%
Stock price increases by more than 5% • 25%
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Yes • 50%
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