Arcosa stock will likely trade near the $150 deal price, with the spread reflecting time value and regulatory/approval risk. Monitor for stockholder vote timing and antitrust review progress. The absence of a financing condition reduces deal risk. Consider merger arbitrage positioning if the spread is attractive relative to the Q1 2027 expected close.
Price Chart
Executive Summary
Arcosa (ACA) has entered into a definitive merger agreement to be acquired by CRH Americas for $150 per share in cash, representing a total enterprise value of approximately $8.5 billion. The all-cash transaction offers a 25% premium to Arcosa's 60-day VWAP and is expected to close in Q1 2027, subject to stockholder and regulatory approvals.
Key Financial Metrics
Key Facts
- $150 per share all-cash consideration, implying a total enterprise value of approximately $8.5 billion
- 25% premium to Arcosa's 60-day VWAP as of June 18, 2026
- Acquisition multiple of 11.5x 2026E Adjusted EBITDA including $175 million in estimated annual run-rate cost synergies by year three
- Arcosa's Board unanimously approved the transaction and recommends stockholders vote in favor
- Transaction expected to close in Q1 2027; no financing condition for CRH
- Termination fees: $260.4M payable by Arcosa under certain circumstances (e.g., superior proposal), $372.0M payable by CRH if antitrust-related conditions fail
Financial Impact
Arcosa stockholders receive $150 per share in cash, a 25% premium to the unaffected price. The $8.5B enterprise value represents a significant monetization event.
Risk Factors
- Failure to obtain stockholder approval (majority of outstanding shares required)
- Regulatory delays or prohibition under HSR Act or other antitrust laws
- Material adverse change or breach of representations/warranties allowing termination
- Competing superior proposal triggering termination fee
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001739445-26-000112 |
| Exhibit: exh991-crhtoacquirearcos.htm | 0001739445-26-000112 |
| Document: aca-20260621.htm | 0001739445-26-000112 |
| Document: 0001739445-26-000112-index-headers.html | 0001739445-26-000112 |
| Document: 0001739445-26-000112-index.html | 0001739445-26-000112 |
| Document: 0001739445-26-000112.txt | 0001739445-26-000112 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | DEFA14A | $145.25 $145.48 | ▲ +0.16% | ▲ +0.70% | $146.57 (+0.91%) |
Aug 14, 2026 6w ago | Institutional Cluster | $145.01 $145.27 | ▲ +0.18% | ▲ +1.37% | $146.57 (+1.07%) |
Aug 5, 2026 8w ago | DEFA14A | $144.89 $144.96 | ▲ +0.05% | ▼ −1.16% | $146.57 (+1.16%) |
Jun 22, 2026 14w ago | DEFA14A | $144.92 $145.29 | ▲ +0.26% | ▼ −1.54% | $146.57 (+1.14%) |
Jun 22, 2026 14w ago | DEFA14A | $144.92 $144.62 | ▼ −0.21% | ▼ −1.22% | $146.57 (+1.14%) |
Jun 22, 2026 14w ago | DEFA14A | $144.92 $144.62 | ▼ −0.21% | ▼ −1.22% | $146.57 (+1.14%) |
Jun 22, 2026 14w ago | 8-K | $144.90 $144.50 | ▼ −0.28% | ▲ +1.79% | $146.57 (+1.15%) |
Jun 5, 2026 16w ago | 8-K | $123.54 $128.44 | ▲ +3.97% | ▲ +1.85% | $146.57 (+18.64%) |
May 18, 2026 19w ago | 144 | $117.24 $126.74 | ▲ +8.10% | ▲ +5.81% | $146.57 (+25.01%) |
Apr 8, 2026 25w ago | 144 | $111.96 $110.79 | ▼ −1.05% | ▼ −4.23% | $146.57 (+30.91%) |
US Market Status
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