Deals
Quikrete Makes Takeover Approach for Summit Materials
- Building materials company discussing offer in the ‘low 50s’
- Summit confirms it received a proposal without naming bidder
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Quikrete Holdings Inc. has approached Summit Materials Inc. about a potential takeover, people familiar with the matter said.
The privately held building materials maker is working with advisers as it pursues a bid for Denver-based Summit, the people said, asking not to be identified discussing confidential information. The price per share being discussed is in the “low 50s,” one of the people said.