Breedon Group (BREE)

Sector:

Construction and Building Materials

Index:

FTSE 250

370.00p
   
  • Change Today:
      2.50p
  • 52 Week High: 396.50
  • 52 Week Low: 304.50
  • Currency: UK Pounds
  • Shares Issued: 343.32m
  • Volume: 310,919
  • Market Cap: £1,270.28m
  • Beta: 0.02

Breedon buys US concrete maker BMC Enterprises for $300m

By Frank Prenesti

Date: Wednesday 06 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Construction materials group Breedon on Wednesday said it had bought US-based BMC Enterprises for an enterprise value of $300m (£238.1m).


The deal involves $285m payable in cash on completion, funded through a draw down on Breedon's existing credit facility, with $15m payable in Breedon shares.

Completion is expected to occur by Thursday and the purchase was expected to be earnings enhancing in the first full year of ownership, Breedon added.

BMC is a supplier of ready-mixed concrete, aggregates and building products headquartered in St Louis, Missouri.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Breedon Group Market Data

Currency UK Pounds
Share Price 370.00p
Change Today 2.50p
% Change 0.68 %
52 Week High 396.50
52 Week Low 304.50
Volume 310,919
Shares Issued 343.32m
Market Cap £1,270.28m
Beta 0.02

Breedon Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.44% below the market average13.44% below the market average13.44% below the market average13.44% below the market average13.44% below the market average
12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average
Price Trend
43.09% above the market average43.09% above the market average43.09% above the market average43.09% above the market average43.09% above the market average
7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below the sector average
Income
38.44% above the market average38.44% above the market average38.44% above the market average38.44% above the market average38.44% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Growth
91.61% above the market average91.61% above the market average91.61% above the market average91.61% above the market average91.61% above the market average
85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average

Breedon Group Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 12-Oct-23
Paid 17-May-24 10-Nov-23
Amount 9.50p 4.00p

Trades for 03-May-2024

Time Volume / Share Price
13:06 18,057 @ 370.00p
13:06 15,000 @ 367.50p
12:59 7 @ 370.00p
12:59 134 @ 370.00p
12:46 46 @ 369.50p

Breedon Group Key Personnel

CEO Rob Wood
CFO James Brotherton

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