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.
Read the article online at: https://www.worldcement.com/the-americas/18042016/summit-materials-prices-secondary-offering-common-stock-915/