BUZZ-Arcosa gains after CRH to buy co in $8.5 bln deal
CRH public limited company
Arcosa, Inc.
CRH public limited company CRH | 0.00 | |
Arcosa, Inc. ACA | 0.00 |
June 22 (Reuters) - ** Infrastructure-related products provider Arcosa's ACA.N shares rise 7.6% premarket to $146.15
** Building materials provider CRH CRH.N to buy ACA for $8.5 billion in cash
** CRH offering $150 per share for Arcosa, representing a 10.4% premium to the stock's last close
** Will pay ACA $372 million fee if deal is terminated
** 23 of 25 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $145 - LSEG data
** Deal expected to close in the first quarter of 2027
** Up to last close, ACA is up 27.8% YTD
