Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of construction materials maker Vulcan Materials
So what: Rival Martin Marietta Materials
Now what: Martin Marietta's shares also gained nearly 5% today as investors saw value in the proposed deal. Since it's a stock-for-stock transaction, Vulcan's market cap is now larger than the bid would indicate. Combining these all-American materials specialists would unlock economies of scale. Vulcan investors who were disappointed by the recent dividend cut should welcome this offer with open arms.
Interested in more info about Vulcan Materials? Click here to add it to My Watchlist.Fool contributor Anders Bylund holds no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Vulcan Materials. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.