Cement News tagged under: Vulcan Materials
Vulcan's overall losses reduce, but rise in cement17 February 2012, Published under Cement NewsVulcan Materials' turnover edged ahead by 0.2% last year to US$2,564.6m and the EBITDA, which had dropped by 32.4% in 2010, recovered by 18.8% to US$440.4m. Excluding exceptional items, the EBITDA emerged at some US$353ms. After a net interest charge 20.2% higher at US$217.2m, the pre-tax loss was reduced by 20% to US$153.7m and the net loss reduced by 26.7% to US$70.8m. Capital expenditure, after two years of decline, increased by 14.6% to US$98.9m and is expected to be around US$100m th... |
Martin Marietta continues pursuit of Vulcan26 January 2012, Published under Cement NewsMartin Marietta Materials Inc, which began a hostile takeover of Vulcan Materials in December, released a list of five people it is pushing for election on Vulcan Materials' board of directors at Vulcan's annual meeting. North Carolina-based Martin Marietta filed a proxy statement with the Securities and Exchange Commission on Tuesday in connection with the proposal. It said in the statement it believes Vulcan's current board is not acting in the company's best interest.. "Vulcan refus... |
Martin Marietta bid backed by large shareholder23 January 2012, Published under Cement NewsOne of the largest shareholders of both Vulcan Materials Co and Martin Marietta Materials Inc (MLM), South Eastern Asset Management Inc, has backed the proposed combination of the two companies. Southeastern said it supports Martin Marietta’s hostile bid for Vulcan, according to reports by Bloomberg. Towards the end of last year, Martin Marietta offered to exchange 0.5 shares for each Vulcan share, in a swap originally valued at US$4.7bn. “Southeastern believes the proposed combination... |