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U.S. Concrete, Inc. 

Merger

  • Date:
  • 6/8/2021
  • Company Name:
  • U.S. Concrete, Inc.
  • Stock Symbol:
  • USCR
  • Company Name - Buyer:
  • Vulcan Materials Company
  • Stock Symbol - Buyer:
  • VMC
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 6/7/2021

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NEW YORK, June 8, 2021 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of U.S. Concrete, Inc. (NASDAQ: USCR) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Vulcan Materials Company (NYSE: VMC).

On June 7, 2021, U.S. Concrete announced that it had signed an agreement to merge with Vulcan for approximately $1.294 billion.  Pursuant to the merger agreement, U.S. Concrete stockholders will receive $74 in cash for each share of U.S. Concrete common stock owned.  The deal is scheduled to close in the second half of 2021.

Bragar Eagel & Squire is concerned that U.S. Concrete’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.  Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for U.S. Concrete’s stockholders.
 
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in U.S. Concrete. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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