Home Financial Markets U.S Concrete Inc. (USCR) stock soars during pre-market trading session. What’s driving...

U.S Concrete Inc. (USCR) stock soars during pre-market trading session. What’s driving it high?

U.S Concrete Inc. (NASDAQ: USCR) stock declined by 0.66% at last close while the USCR stock price gained by 27.88% in the pre-market trading session. U.S. Concrete is a national provider of aggregates and concrete for infrastructural, residential, and commercial projects.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Significant Development

USCR has announced the completion of a final proposed merger. Vulcan will pay $74.00 per share in cash to buy all of the registered and existing shares of US Concrete common stock, for a net equity value of $1.294 billion, according to the terms of the deal. The deal has received majority consent from both companies’ boards of directors and is scheduled to conclude in the second half of 2021, depending on U.S. Concrete shareholder approval, regulatory clearance, and other normal closing conditions.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

U.S. Concrete, serves big, attractive urban regions that complement Vulcan’s current presence. The acquisition of U.S. Concrete’s portfolio provides a natural addition to Vulcan’s company, with 27 aggregates operations covering California, Texas, and the Northeast and shipping 12.6 million tons in 2020. Vulcan’s service capabilities will be enhanced by the acquisition of strategically located ready-mixed concrete facilities.

Tom Hill, Chairman and CEO of Vulcan Materials Company, commented:

In a lot of ways, U.S. Concrete is a critical Vulcan client, and this purchase is a natural and exciting next step in their growth plan as they expand their regional reach. Ronnie Pruitt and his staff have done an outstanding job building and running Vulcan, and they are excited to welcome the U.S Concrete team to the Vulcan family. This is a union of two business cultures that respect people, technology, operational processes, customer service, and the entrepreneurial spirit, and it positions Vulcan to produce long-term shareholder value even more.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

The Dixie Group Inc. (DXYN) stock surged during pre-market trading given no recent news

The Dixie Group Inc. (NASDAQ: DXYN) stock gained by 11.55% in the pre-market trading session. However, there is no update available regarding this hike...

Why BancorpSouth Bank (BXS) stock plummeted on Friday?

BancorpSouth Bank (BXS) shares plummeted 9.39% in after-hours on Friday, June 18, 2021, and close the weekly business at $25.00 per share. Earlier, BXS's...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

Why Eyenovia Inc. (EYEN) stock price went up in the after-market on Friday?

Eyenovia Inc. (EYEN) shares pop up 8.41% in after-hours on Friday, June 18, 2021, and close the week at $5.80 per share. Earlier, EYEN's...

IM Cannabis Corp. (IMCC) stock surged during after-hour session. Why is it so?

IM Cannabis Corp. (NASDAQ: IMCC) stock gained by 3.01% at last close while the IMCC stock price rises by 7.19% in the after-hours session....

Why BancorpSouth Bank (BXS) stock plummeted on Friday?

BancorpSouth Bank (BXS) shares plummeted 9.39% in after-hours on Friday, June 18, 2021, and close the weekly business at $25.00 per share. Earlier, BXS's...

Related News

Orphazyme Inc. (ORPH) stock plunged during pre-market trading. Let’s see why?

Orphazyme Inc. (NASDAQ: ORPH) stock declined by 10.18% at last close whereas the ORPH stock price fell during the pre-market trading session by 58.18%....

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

General Employment Enterprises Inc. (JOB) stock soars during pre-market trading. Here’s to know why?

General Employment Enterprises Inc. (NASDAQ: JOB) stock gained by 1.96% at last close while the JOB stock price rises by 3.88% in the pre-market...

Energous Corp. (WATT) stock surged during pre-market trading. What’s happening?

Energous Corp. (NASDAQ: WATT) stock soared by 0.36% at last close while the WATT stock price gains further by 7.12% during the pre-market session....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam