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Fly News Breaks for June 14, 2019
SUM
Jun 14, 2019 | 07:21 EDT
After Reuters reported that Grupo Argos approached Summit Materials about merging, Deutsche Bank analyst Nishu Sood says the combined company would become substantially larger in cement and ready-mix. However, there is only partial local overlap of operations, adds the analyst, citing his preliminary analysis. So operating synergies might be limited, and the combined entity would also have lots of debt, Sood tells investors in a research note. He keeps a Buy rating on Summit Materials.
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