Metals & Mining M&A » By The Online Investor Staff, updated Fri., Feb. 3, 12:36 PM
Recent mergers and acquisitions in the Metals & Mining M&A category.
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Slide #65. Cementos Argos — Vulcan Materials Florida Cement And Concrete Assets
Acquirer:
Cementos Argos
Acquiree:
Vulcan Materials Florida Cement And Concrete Assets (NYSE:VMC)
Details:
Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, announced today that it 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 $720 million. Vulcan is retaining all of its aggregates operations in Florida. As part of the transaction, the Company has entered into a supply agreement to continue to provide aggregates to the divested concrete facilities, at market prices, for a period of 20 years. The transaction, which is subject to regulatory approval under the Hart-Scott-Rodino Act and customary closing conditions, is expected to close in the first quarter of 2014.
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Avg. Broker Rec.
 
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Buy (3.43 out of 4) 52nd percentile
(ranked higher than approx. 52% of all stocks covered)
Analysts' Target Price: VMC Stock Forecast Based on Zacks ABR data; powered by Xignite |
