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Metals & Mining M&A image Metals & Mining M&A » By The Online Investor Staff, updated Sun., Jul. 12, 10:24 PM Recent mergers and acquisitions in the Metals & Mining M&A category.

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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Company Name: 
Vulcan Materials Co (Holding Company)
Website: 
www.vulcanmaterials.com
Sector: 
Metals & Mining
Number of ETFs Holding VMC: 
85
Total Market Value Held by ETFs: 
$2.14B
Total Market Capitalization: 
$15.78B
% of Market Cap. Held by ETFs: 
13.57%
 

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Buy (3.21 out of 4)
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