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VMC Aug 2024 230.000 put
- Simply Wall St.
Investors in Vulcan Materials (NYSE:VMC) have seen splendid returns of 111% over the past five years
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...
- Associated Press Finance
US company rejects Mexico's criticism, buy-out offer, says president's projects hurt the environment
An American quarry company on Monday rejected the Mexican president's campaign of criticisms and closures, as well as his offer to buy its property on the Caribbean coast. In July, President Andrés Manuel López Obrador offered to buy the American company’s Caribbean coast property for about $385 million amid a bitter, years-long dispute. Alabama-based Vulcan Materials said in a statement Monday that offer “substantially undervalues our assets.”
- Reuters
Vulcan rejects Mexico's 'illegal expropriation' of its investments
U.S. construction company Vulcan Materials on Monday rejected what it considers the "illegal expropriation" of its investments in Mexico and said it remains open to a negotiated solution with the Mexican government. The company has been engaged in a years-long conflict with Mexico's government after officials ordered a halt to limestone quarrying at Vulcan's mining unit in the coastal state of Quintana Roo in 2022, alleging environmental damages by the company, which denies the accusations. Mexican President Andres Manuel Lopez Obrador last week said that the site had not been expropriated, only closed, and that it would remain closed at least until he leaves office in October.
