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Birmingham,
AL, and Jacksonville, FL - November 5, 2007 - Vulcan Materials
Company (NYSE:
VMC - News)
and Florida Rock Industries, Inc. (NYSE:
FRK -
News) announced
today that they anticipate closing their proposed merger, which
remains subject to the satisfaction of closing conditions, on or
about November 16, 2007. In connection with the closing of the
proposed merger, the deadline for Florida Rock shareholders to
elect whether to receive cash consideration, stock consideration
or a combination thereof, subject to proration as described in
the proxy statement/prospectus, has been set for 5:00 p.m.
Eastern Standard Time on November 14, 2007 (or 5:00 p.m. Eastern
Standard Time on November 13, 2007 for participants in certain
Florida Rock profit sharing plans). Florida Rock shareholders
who hold their shares in “street name”
may have an earlier election deadline and should carefully
review any materials they receive from their broker to determine
the election deadline applicable to them. Florida Rock
registered shareholders and participants in certain Florida Rock
profit sharing plans may download election materials at the
following website:
http://www.dfking.com/floridarock. Florida Rock shareholders
who have previously submitted their election materials do not
need to take any further action.
Florida Rock shareholders with questions regarding their
election are urged to call D.F. King & Co., Inc., which is
assisting Florida Rock, toll free at (800) 347-4750.
About Vulcan Materials
Vulcan Materials Co., a member of the S&P 500 index, is the
nation’s foremost producer of
construction aggregates and a major producer of other
construction materials.
About Florida Rock
Florida Rock Industries, Inc. is one of the nation’s
leading producers of construction aggregates, a major provider
of ready-mixed concrete and concrete products in the
Southeastern and Mid-Atlantic States and a significant supplier
of cement in Florida and Georgia. |
