UPDATE 1-CRH to buy Arcosa in $8.5 billion all-cash deal
سي ار اتش
Arcosa, Inc.
CRH public limited company CRH | 0.00 | |
Arcosa, Inc. ACA | 0.00 |
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June 22 (Reuters) - Building materials provider CRH CRH.N said on Monday it would acquire Arcosa ACA.N in an all-cash deal valuing the infrastructure-related products provider at about $8.5 billion.
CRH is offering $150 per share for Arcosa, representing a 10.4% premium to Arcosa's last close. Arcosa shares rose 7.4% to $146 in premarket trade.
The deal is expected to close in the first quarter of 2027.
J.P. Morgan and Morgan Stanley are acting as financial advisors to CRH, while Evercore and Goldman Sachs are serving as financial advisors to Arcosa.