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March 7, 2014
13:50 EDTVMCVulcan Materials sees FY14 gain of $1.00 per share from sale of cement busines
Vulcan Materials announced that it has completed the previously announced sale of the company's cement and concrete businesses in the Florida area to Cementos Argos for gross cash proceeds of $720M. Under a separate supply agreement, Vulcan will continue to provide aggregates to the divested concrete facilities, at market prices, for a period of 20 years. The completion of the asset sale to Cementos Argos and related restructuring and other transaction-related expenses are expected to result in a pretax gain of approximately $210M, or $1.00 per diluted share for 2014.
News For VMC From The Last 14 Days
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September 30, 2014
08:33 EDTVMCVulcan Materials completes six acquisitions during Q3 totaling $320M
Vulcan Materials reported that it has completed six acquisitions during the Q3. The most recent acquisitions include five aggregates facilities and associated downstream assets in Phoenix, Arizona and Albuquerque and Santa Fe, New Mexico, as well as an aggregates operation in Delaware serving Northern Virginia and Washington, DC. These transactions, totaling approximately $320M of investment, represent the continued strategic redeployment of capital from the sale of Vulcan's former cement and ready mix concrete business in Florida in the Q1.
September 21, 2014
15:30 EDTVMCSummers calls for infrastructure spending to boost U.S. growth, Bloomberg says
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September 19, 2014
10:07 EDTVMCHigh option volume stocks
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