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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Aug. 4, 3:52 PM

Slide #7. Summit Materials, Inc. Secondary Offering

Company: Summit Materials, Inc. (NYSE:SUM)
Date announced: 8/3/2015
Shares Offered: 17,500,000
Secondary Offering Details: Summit Materials, Inc. (NYSE:SUM,SummitortheCompany) announced today the launch of an offering of 17,500,000 shares of its Class A common stock. Summit expects to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of Class A common stock.

Summit Materials is a construction materials company. Co. was formed for the purpose of completing certain reorganization and spin-off transactions in order to be the parent of and carry on the business of Summit Materials Holdings L.P. (Summit Materials). Summit Materials is a vertically-integrated construction materials company. Summit Materials engages in manufacturing and sale of aggregates, cement, ready-mixed concrete and asphalt paving mix, road paving and related construction services. Summit Materials owns and operates quarries, sand and gravel pits, a cement plant, cement distribution terminals, asphalt plants, ready–mixed concrete plants and landfill sites.
Open the SUM Page at The Online Investor »

Company Name:  Summit Materials Inc
Sector:  Metals & Mining
Number of ETFs Holding SUM:  14
Total Market Value Held by ETFs:  $19.81M

Open the SUM Page at The Online Investor (in a new window) »

August 4, 2015    3:52 PM Eastern
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Buy (3.00 out of 4)
48th percentile
(ranked lower than approx. 52% of all stocks covered)
Based on Zacks ABR data;
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