Skip to main content

Summit Materials prices secondary offering of common stock

Published by , Editor
World Cement,

Summit Materials, Inc. has announced the pricing of a secondary offering of 10 million shares of Class A common stock by certain selling stockholders, including affiliates of The Blackstone Group L.P., at a public offering price of US$20.15 per share.

The offering is expected to close on 19 April 2016, subject to customary closing conditions.

Summit did not offer any shares of Class A common stock in the offering and will not receive any proceeds from the sale of shares in this offering.

Barclays is serving as sole book-running manager for the offering.

The offering of these securities is being made pursuant to an effective shelf registration statement. The offering will be made only by means of a prospectus.

Edited from source by Joseph Green. Source: Summit Materials

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Final tickets on sale NOW »


Embed article link: (copy the HTML code below):