New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 23, 2014
07:06 EDTVMCVulcan Materials sells Florida cement and concrete assets for $720M
Vulcan Materials has entered into a definitive agreement to sell the company's cement and concrete businesses in the Florida area to Cementos Argos for gross cash proceeds of $720M. Vulcan is retaining all of its aggregates operations in Florida. The company will continue to provide aggregates to the divested concrete facilities, at market prices, for a period of 20 years. The transaction is expected to close in Q1. The completion of the asset sale to Cementos Argos and related restructuring and other transaction-related expenses will result in a pretax gain of approximately $210M, or $1.00 per diluted share. The company expects to record a one-time charge of approximately 37c per diluted share.
News For VMC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 16, 2014
09:59 EDTVMCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:13 EDTVMCVulcan Materials upgraded to Conviction Buy from Neutral at Goldman
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use