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Deals Rumor Mill: Summit Materials, Penn National, Excelitas

By Benjamin Horney (October 6, 2017, 2:01 PM EDT) -- U.S. construction materials company Summit Materials has offered to buy rival Ash Grove Cement for $3.8 billion, according to a Friday report from Reuters. The move is aimed at usurping a previous bid made by Ireland's CRH PLC, the report noted, which was worth $3.5 billion. Ash Grove on Friday confirmed it had received a new bid valuing the business at between $3.7 billion and $3.8 billion, but did not name the suitor....

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