Vulcan To Chip Off Assets Before Buying Florida Rock

Law360, New York (November 19, 2007, 12:00 AM EST) -- Construction materials provider Vulcan Materials Co. received clearance, with some conditions, from the Department of Justice on Thursday to complete its $4.2 billion acquisition of rival Florida Rock Industries Inc.

In order for the deal to go through, Vulcan will need to divest eight quarries that produce coarse aggregate in Georgia, Tennessee and Virginia, and one distribution yard in Virginia.

The DOJ concluded that the proposed merger could have resulted in increased prices for coarse aggregate, crushed stone produced at quarries or mines, in southeast Atlanta...
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