Referenced Stocks

UPDATE: U.S. Concrete Shares Climb Near 4%, Approach 52-Week High; Sells Arizona Precast Operations for $4.27 Million

By Midnight Trader,  December 18, 2012, 02:33:56 PM EDT

U.S. Concrete's ( USCR ) wholly owned subsidiary, Smith Precast., Inc., completed the sale of substantially all of its assets for $4.27 million in cash and the assumption of certain obligations by Jensen Enterprises, Inc., dba Jensen Precast.

The company said the proceeds from the sale of Smith Precast will be used to

repay debt under its revolving credit facility and create liquidity for

earnings enhancing activities such as acquisitions and organic growth

opportunities.

USCR shares are up near 4% at around $9.30, close to their 52-week high of $9.69.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: USCR



Latest News Video

US Ranks the Worst For Sleepy Kids' School Performance
US Ranks the Worst For Sleepy Kids'...
What Is Value Investing and Value-Driven Asset Allocation?
What Is Value Investing and Value-D...
Only Women's Brains Respond to Babies Crying
Only Women's Brains Respond to Babi...
Some Doctors Want Routine Drug Tests For Fellow Physicians
Some Doctors Want Routine Drug Test...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%