Longbow downgraded Summit Materials (SUM) to Neutral from Buy after the company entered into a definitive agreement to be acquired by Quikrete Holdings for $52.50 per share in cash.
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Read More on SUM:
- Macy’s uncovers employee fraud, Summit to be acquired: Morning Buzz
- Summit Materials downgraded to Neutral from Overweight at JPMorgan
- Quikrete Acquires Rival Summit Materials (SUM) for $11.5 Billion
- Summit Materials downgraded to Sector Perform from Outperform at RBC Capital
- Summit Materials Announces Merger with Quikrete Holdings