Argos North America, Summit Materials map $3.2 billion merger

Sources: Argos North America, Alpharetta, Ga.; Summit Materials Inc., Denver; CP staff Colombia-based Cementos Argos has entered a definitive agreement with Summit Materials Inc. under which Argos North America Corp. will combine with Summit in a cash and stock transaction. It calls for Cementos Argos to receive approximately $1.2 billion in cash and 54.7 million shares—or 31 percent—of Summit stock,…

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