Sources: CP staff; Summit Materials LLC, Denver; Lafarge Group, Paris
Five weeks after it began trading on the New York Stock Exchange, Summit Materials has moved to strengthen its largest holding, Missouri-based Continental Cement, through participation in a regulator-driven asset sale tied to the impending Lafarge Group and Holcim Ltd. merger.
Read MoreSources: CP staff; Summit Materials LLC, Denver; Renaissance Capital LLC, Greenwich, Conn.
Trading of the newest major operator with U.S. concrete, cement and aggregate production, Summit Materials, has commenced on the New York Stock Exchange, as CEO Tom Hill rang the March 12 Opening Bell. After a requisite quiet period since a mid-December Securities and Exchange Commission filing, Summit Materials sponsors offered 22.2 million shares at $18/share.