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Quikrete, the company behind the worst uniform patch in all of sports, is near a deal to buy another company. Asking @laurenthomas to get us details on whether it means the Atlanta Braves can get out of that gross deal. https://t.co/3YkeKjig9N
From our November 5 note .... "One of Quikrete's jets flew to Teterboro yesterday while another flew to Denver. The latter is the home of Summit Materials (SUM), which is a cement company that Quikrete is trying to buy." Just remember that when the deal proxy comes out ... https://t.co/UAVxgYx2GG
Quikrete in advanced talks to buy $SUM: WSJ Problem is this story already broke once, so now we're +9% on a prior +9%.
Quikrete is reportedly in advanced negotiations to acquire Summit Materials, as indicated by sources cited in a Wall Street Journal report. The deal, which could be announced as early as next week, has already generated significant market interest, with Quikrete's stock rising by 9% following the news. This marks a continuation of interest in the acquisition, as the story had previously surfaced, leading to a cumulative increase of 18% in Quikrete's stock. Additionally, Quikrete's operational activities were noted, with reports of company jets flying to key locations, including Teterboro and Denver, which is home to Summit Materials.
