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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
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April 7, 2014
05:42 EDTVMCHolcim, Lafarge confirm intention to combine via merger of equals
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April 6, 2014
14:38 EDTVMCEuropean cement makers Lafarge, Holcim approve $50B merger, WSJ says
Two of the world's largest cement makers, France's Lafarge (LFRGY) and Switzerland's Holcim agreed to a $50B merger, says the Wall Street Journal. The cement companies' boards met separately on Saturday and approved the deal, added the Wall Street Journal. Other names in the cement and buildings materials space include Vulcan Materials (VMC), Martin Marietta (MLM), Texas Industries (TXI), Eagle Materials (EXP) and CEMEX (CX). Reference Link
April 4, 2014
10:23 EDTVMCCement names rise after report of industry giants exploring merger
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10:11 EDTVMCCEMEX, Martin Marietta, Vulcan rally after Bloomberg report of cement deal
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10:01 EDTVMCLafarge, Holcim in talks to explore merger, Bloomberg reports
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