CRH to Acquire Arcosa for $8.5B, Expanding U.S. Infrastructure Products Portfolio
CRH sits 28% above its 52-week low of $86.825.
Summary
CRH has announced a definitive agreement to acquire Arcosa for $8.5 billion, confirming yesterday's Reuters report that a deal was nearing. This acquisition significantly expands CRH's position as a leading U.S. provider of aggregates and critical infrastructure products. The $8.5 billion price represents a substantial strategic investment for CRH and a full acquisition for Arcosa.
At the time of this announcement, CRH was trading at $111.24 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $74.3B. The 52-week trading range was $86.83 to $131.55. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.