Summit materials shareholders approve combination with argos usa

Denver , jan. 11, 2024 /prnewswire/ -- summit materials, inc. (nyse: sum, "summit" or the "company") announced today that its shareholders have voted overwhelmingly to approve certain proposals related to the transaction agreement, dated september 7, 2023 (the "transaction agreement") by and among the company, argos north america corp. ("argos usa," the u.s. operations of cementos argos s.a. (ccb.cn, cemargos cb) ("cementos argos")), cementos argos, argos sem, llc, and valle cement investments, inc. approximately 98.8% of the votes cast at today's special meeting of stockholders voted to approve a proposal to issue 54,720,000 shares of summit's class a common stock, par value $0.01 per share, to cementos argos and its affiliates at the closing of the transactions contemplated by the transaction agreement.
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