Key Developments: Vulcan Materials Co (VMC.N)
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Latest Key Developments (Source: Significant Developments)
Vulcan Materials Co Declares Quarterly Dividend On Common Shares
Vulcan Materials Co announced that Board of Directors declared a quarterly dividend of $0.01 per share on its common stock payable September 10, 2013, to shareholders of record August 28, 2013. Full Article
Vulcan Materials Co Declares Quarterly Dividend On Common Shares
Vulcan Materials Co announced that Board of Directors declared a quarterly dividend of $0.01 per share on its common stock payable June 10, 2013, to shareholders of record May 27, 2013. Full Article
Vulcan Materials Co Declares Quarterly Dividend On Common Shares
Vulcan Materials Co announced that it has declared a quarterly dividend of $0.01 per share on its common stock payable March 11, 2013, to shareholders of record February 25, 2013. Full Article
Vulcan Materials Co Issues FY 2012 EBITDA Guidance Below Analysts' Estimates
Vulcan Materials Co announced that for fiscal 2012, it expects Adjusted EBITDA of $435 to $455 million, an improvement of 23% to 29% from fiscal 2011. This guidance includes $29 million in gains from the sale of assets, of which $18 million has been realized through the first nine months of 2012. The change in Adjusted EBITDA guidance reflects principally the earnings impact of lower shipments in aggregates and asphalt. The Company continues to work on additional asset sales in the fourth quarter. However, the ultimate timing of such transactions is difficult to predict and thus gains related to these transactions are excluded from current guidance. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $464 million for fiscal 2012. Full Article
Vulcan Materials Co Declares Quarterly Dividend On Common Shares
Vulcan Materials Co announced that it has declared a quarterly dividend of $0.01 per share on its common stock payable December 10, 2012, to shareholders of record November 26, 2012. Full Article
Vulcan Materials Company Issues H2 2012 EBITDA Guidance; Reaffirms FY 2012 EBITDA Guidance
Vulcan Materials Company announced that for the second half of 2012, it expects adjusted EBITDA of approximately $325 million. For fiscal 2012, it expects 2012 adjusted EBITDA of approximately $500 million. This full year EBITDA expectation excludes results from Planned Asset Sales, as well as costs associated with the unsolicited exchange offer. Full Article
Vulcan Materials Company Declares Quarterly Dividend On Common Shares
Vulcan Materials Company announced that it declared a quarterly dividend of one cent per share on its common stock payable September 10, 2012, to shareholders of record August 27, 2012. Full Article
Vulcan Materials Company Declares Quarterly Dividend on Common Shares
Vulcan Materials Company announced that declared a quarterly dividend of $0.01 per share on its common stock payable June 25, 2012, to shareholders of record June 11, 2012. Full Article
Martin Marietta Materials, Inc. Gets Quick Appeal On Vulcan Materials Company Bid-Reuters
Reuters reported that Martin Marietta Materials, Inc. won an expedited appeal of a Delaware court ruling halting its $5 billion hostile offer to buy Vulcan Materials Company. The Delaware Supreme Court agreed to hear Martin Marietta's appeal on May 25, reviving the company's hopes that it might pursue a proxy fight for board seats at Vulcan's annual shareholder meeting on June 1, exactly one week later. Martin Marietta, a gravel maker, is seeking to overturn a May 4 ruling by Chancellor Leo Strine of the Delaware Chancery Court that barred it from pursuing its proxy fight and tender offer for larger rival Vulcan for four months. Strine found that Martin Marietta had violated a confidentiality agreement it had signed with Vulcan when the two began friendly merger talks in 2010. Those talks broke off in mid-2011, and Martin Marietta launched its unsolicited tender offer in December. It has contended that a combined company could deliver $250 million of annual cost savings to shareholders. Full Article
Vulcan Materials Company Reaffirms FY 2012 EBITDA Guidance
Vulcan Materials Company announced that it anticipates fiscal 2012 EBITDA of approximately $500 million, which is consistent with prior guidance, the $500 million of EBITDA includes $25 million related to the Profit Enhancement Plan and approximately $29 million in gains for two real estate transactions that were initiated in 2011 prior to the announcement of the Planned Asset Sales and are not part of that program. The Company's fiscal 2012 EBITDA guidance excludes impacts from Planned Asset Sales as well as costs associated with the unsolicited offer. Full Article
"Vulcan" has big lead in bid to name Pluto's newly discovered moons
- "Star Trek" star William Shatner and tens of thousands of the show's fans are leading a charge to name one of Pluto's newly discovered moons after the character Spock's home planet.

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