Market Chatter: Summit Materials Approached by Quikrete for Potential Takeover
Summit Materials (SUM) has been approached by Quikrete Holdings with a possible takeover offer, Bloomberg reported Thursday, citing people familiar with the situation.
Quikrete is working with advisers to pursue a bid that may or may not lead to a deal, the people told Bloomberg.
Neither companies immediately responded to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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