Summit Materials Announces Stockholder Approval of Quikrete Transaction

Core Viewpoint - Summit Materials, Inc. has received all necessary stockholder approvals for its acquisition by Quikrete Holdings, Inc., with the transaction expected to close in the first quarter of 2025 [1][2]. Group 1: Acquisition Details - The acquisition will result in Summit becoming a privately held subsidiary of Quikrete, and its common stock will no longer be traded on the NYSE after the transaction closes [2]. - The final certified voting results will be disclosed on a Form 8-K with the U.S. Securities and Exchange Commission [1]. Group 2: Advisory Information - Morgan Stanley & Co. LLC and Evercore are serving as financial advisors to Summit, while Wells Fargo is the exclusive financial advisor to Quikrete [3]. - Legal advisors include Davis Polk & Wardwell LLP for Summit and Troutman Pepper Locke LLP and Covington & Burling LLP for Quikrete [3]. Group 3: Company Profiles - Summit Materials is a leading producer of aggregates and cement, providing ready-mix concrete and asphalt in select markets across the U.S. and British Columbia, Canada [4]. - Quikrete Holdings, Inc. is a prominent building materials company with a diverse portfolio, including packaged cementitious products and various construction materials, servicing the U.S. and Canadian markets [5].