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Summit Materials prices secondary offering of common stock

Published by
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: https://www.worldcement.com/the-americas/18042016/summit-materials-prices-secondary-offering-common-stock-915/


 

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