A Rock-Solid Investment
They say that out of a crisis comes opportunity. In business, economic crises combined with capitalism can lead to industry transformations that can then lead to an opportunity. One such opportunity could be brewing in the aggregates industry.
In December, Martin Marietta Materials (MLM), the second-largest producer of aggregates in the U.S., announced an all-stock merger with Vulcan Materials (VMC), the largest producer of construction aggregates in the U.S. Martin offered Vulcan shareholders a half a share of Martin for each share of Vulcan, originally valuing the deal at about $4.7 billion. At the time, this offer represented a 15% premium to Vulcan's share price -- Martin shares trade for about $81, while Vulcan shares trade for about $43, or slightly above the implied conversion price....534 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
