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DOJ requires Vulcan Materials to divest parts of Aggregates USA before acquisition

( December 22, 2017, 18:11 GMT | Official Statement) -- MLex Summary: Vulcan Materials Company will be required to divest all of Aggregates USA's quarries, plants and yards in Knoxville, TN if it plans to proceed with its proposed $900 million acquisition from SPO partners. “Without relying on a regulatory behavioral decree, these divestitures will ensure that customers, and ultimately taxpayers, in Tennessee and Virginia continue to benefit from robust competition and competitive prices,” said Assistant Attorney General Makan Delrahim of the Antitrust Division.Statement follows in full:...

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