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Vulcan Materials
2020 Annual Report

Vulcan Materials Announces Successful Closing of Common Stock Offering


BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jun. 17, 2009-- Vulcan Materials Company (NYSE:VMC), the nation’s largest producer of construction aggregates, announced today the closing of its previously reported public offering of common stock. The Company sold a total of 13.225 million shares of common stock at a price of $41.00 per share. The total number of shares included 1.725 million shares issued upon full exercise of the underwriters’ option to purchase additional shares.

The net proceeds to the Company from the offering, after underwriter discount and transaction expenses, were approximately $521 million. The Company intends to use the net proceeds for debt reduction and general corporate purposes.

Goldman, Sachs & Co., Merrill Lynch & Co., J.P.Morgan and Wachovia Securities acted as joint book-running managers of the offering.

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
Media Contact:
David Donaldson, 205-298-3220