Investor Relations
Investor Relations

Investor Contact

E-Mail: ir@vmcmail.com
Phone: (205) 298-3220
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Vulcan Materials
2018 Annual Report

Vulcan Materials Announces Pricing of Public Equity Offering

06/11/09

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jun. 11, 2009-- Vulcan Materials Company (NYSE:VMC), the nation’s largest producer of construction aggregates, announced today that it has priced a public offering of 11.5 million shares of common stock at a price per share of $41.00. In addition, the Company has granted the underwriters a 30-day option to purchase up to 1.725 million additional shares of its common stock. Goldman, Sachs & Co., Merrill Lynch & Co., J.P.Morgan and Wachovia Securities are acting as joint book-running managers of the offering. Subject to customary closing conditions, the offering is expected to close on June 17, 2009.

The estimated net proceeds to the Company from the offering, before giving effect to any exercise of the underwriters’ option, are expected to be approximately $452.6 million. The Company intends to use the net proceeds for debt reduction and other general corporate purposes.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities. A registration statement relating to the common stock has been filed with the Securities and Exchange Commission and is effective. A written prospectus for this offering meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405) may be obtained from: Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attention: Prospectus Department, Toll-Free 1-866-471-2526, or by e-mail at prospectus-ny@ny.email.gs.com; Merrill Lynch & Co., 4 World Financial Center, New York, New York, 10080, Attention: Prospectus Department; J.P.Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245, Attention: Prospectus Department, (718) 242-8002; or Wachovia Capital Markets, LLC, 375 Park Avenue, New York, New York, 10152, Attention: Equity Syndicate Department, (800) 326-5897, or by email at equity.syndicate@wachovia.com.

About Vulcan Materials Company

Vulcan Materials Company, a member of the S&P 500 Index, is the nation’s largest producer of construction aggregates, a major producer of asphalt mix and concrete and a leading producer of cement in Florida.

Source: Vulcan Materials Company

Vulcan Materials Company
Investor Contact:
Mark Warren, 205-298-3220
or
Media Contact:
David Donaldson, 205-298-3220

Contact

Vulcan Materials Company
Corporate Office
1200 Urban Center Drive
P.O. Box 385014
Birmingham, AL 35242

Tel: (205) 298-3000