Summit Materials (SUM) Prices 16.6M Share Secondary Offering for Proceeds of ~$367.2M

November 10, 2016 6:16 AM EST

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Summit Materials, Inc. (NYSE: SUM announced the pricing of a secondary offering of 16,614,949 shares of Class A common stock by certain selling stockholders, including affiliates of The Blackstone Group L.P., at a public offering price of $22.10 per share. The offering is expected to close on November 15, 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 Capital Inc. is serving as sole book-running manager for the offering.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Equity Offerings

Related Entities

Barclays, Earnings, Definitive Agreement

Add Your Comment