Summit Materials (SUM) said Thursday that the waiting period under Canada's Competition Act for its proposed acquisition by Quikrete Holdings has expired.
Summit said the merger is expected to close in Q1, after which it will become a privately held subsidiary of Quikrete and its common stock will cease trading on the New York Stock Exchange.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.