Kuznicki Law is investigating the proposed sale of Summit Materials, Inc. (“the Company”) (NYSE: SUM) to Cementos Argos S.A. (OTC: CMTOY). Under the terms of the proposed transaction, Cementos will receive approximately 54.7 million shares of Summit stock and approximately $1.2 billion in cash, subject to closing adjustments. Upon closing of the proposed transaction, Cementos will own approximately 31% of the combined company on a fully diluted basis. Kuznicki Law is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
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