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Martin Marietta to buy HeidelbergCement s western U S assets for $2 3 billion

Martin Marietta to buy HeidelbergCement s western U.S. assets for $2.3 billion Reuters 1 hr ago © Reuters/Brendan McDermid A specialist trader works at the post where Martin Marietta Materials is traded on the floor of the NYSE (Reuters) - Construction materials supplier Martin Marietta Materials Inc said on Monday it will buy Germany-based HeidelbergCement AG s assets in California and Arizona for $2.3 billion in cash. The Raleigh, North Carolina-based company said it entered an agreement with HeidelbergCement s U.S. affiliate, Lehigh Hanson Inc, to buy assets including 17 active aggregates quarries and two cement plants. Video: CNBC Markets Now: May 20, 2021 (CNBC) CNBC Markets Now: May 20, 2021

Stock futures rally as Merger Monday produces over $9B in deals

Wall St headed for strong open as higher oil drives energy stocks

A smart city in Thailand supported by a single communications network supports kiosks, outdoor Wi-Fi, street lighting, parking and more, according to a press release. The 5G Open RAN Smart City in Ban Chang, Thailand is able to support use cases across industrial robots, factory automation, remote telemedicine, aviation, logistics and agriculture. Partners in the initiative include Mavenir, a network software provider; National Telecom Public Co. Ltd., a state-owned telecommunications company; 5GCT, a 5G smart cities provider; and Cisco Systems, a networking company. With the partnership with Mavenir and Cisco Connected Communities Infrastructure, the host of Smart City can create a single, secure communications network to support all needs that are simpler to deploy and manage from end-to-end visibility, ranging from smart kiosks and outdoor Wi-Fi, to smart street lighting, parking, waste and more, Taweewat Chantaraseno, managing director for

Futures rise as higher oil drives energy stocks

Wall St headed for strong open as higher oil drives energy stocks Reuters 2 hrs ago By Medha Singh and Shashank Nayar © Reuters/BRENDAN MCDERMID FILE PHOTO: The front facade of the NYSE is seen in New York By Medha Singh and Shashank Nayar Popular Searches (Reuters) -Wall Street s main indexes were on pace to open higher on Monday as higher oil prices lifted energy stocks, while investors geared up for key inflation readings later this week. Chevron Corp, Occidental Petroleum Corp and Schlumberger rose between 0.7% and 1.1% in premarket trading as oil prices firmed more than $1 a barrel. [O/R] Risk sentiment also improved with cryptocurrencies clawing back ground after a bout of weekend selling fueled by further signs of a gathering Chinese crackdown on the emerging sector.

HeidelbergCement sells its US West region business

Advertisement As part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the U.S. West region to the U.S. based company Martin Marietta Materials, Inc. The sale price is US$2.3 billion in cash. “The sale of our U.S. West region activities is a major step in our portfolio optimisation as part of our ‘Beyond 2020’ strategy,” said Dr. Dominik von Achten, Chairman of the Managing Board of HeidelbergCement. “We are simplifying our portfolio in North America and prioritising the strongest market positions. Our engagement for the North American market is stronger than ever.” Chris Ward, President & CEO of Lehigh Hanson, Inc. reiterated HeidelbergCement’s high commitment for future growth in North America by saying: “We will accelerate the build-out of our positions in the four key regions Canada, Midwest, Northeast and South through selected bolt-on acqui

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