Summit materials announces expiration of the competition act (canada) waiting period for acquisition by quikrete

Denver , jan. 9, 2025 /prnewswire/ -- summit materials, inc. (nyse: sum) ("summit," "summit materials" or the "company"), a leading producer of aggregates and cement, today announced the expiration of the waiting period under the competition act (canada), as amended, in connection with summit's previously announced definitive agreement to be acquired by quikrete holdings, inc. ("quikrete" or the "purchaser") for $52.50 per share in cash (the "merger"). the merger is expected to close within the first quarter of 2025, subject to the satisfaction of remaining customary closing conditions, as well as receipt of regulatory approvals and summit stockholder approval.
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