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Article: Vulcan Materials Announces Final Results of Consideration Elections by Former Florida Rock Shareholders.
- Article from:
- Business Wire
- Article date:
- November 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BIRMINGHAM, Ala. -- Vulcan Materials Company (NYSE: VMC) announced today the final results of the elections made by former Florida Rock shareholders as to the form of merger consideration they wish to receive in Vulcan Materials' acquisition of Florida Rock. The transaction closed on November 16, 2007.
The consideration elections were subject to proration so that, in the aggregate, 70% of the Florida Rock shares outstanding immediately prior to the closing of the transaction were converted into the right to receive $67 in cash per share, without interest, and 30% of the Florida Rock shares outstanding immediately prior to the closing of the transaction were ...