Vulcan Sells Sites for $214 Million

In addition to the cash, Vulcan received several quarries, a greenfield site and other properties in locations around the country from the companies, which were Martin Marietta Materials Inc., the Luck Stone Corp. and The Concrete Co.

Vulcan said it will realize an after-tax gain of approximately 41 cents per share from the sale in the second quarter of 2008 not in the first quarter, as the company had previously indicated. Vulcan is scheduled to report first-quarter results on April 30.

The transactions were part of an agreement with the Justice Department in Vulcan's bid that closed Nov. 16 to acquire Florida Rock Industries Inc., the company said.

In that deal, Vulcan paid about $4.2 billion for the cement and concrete products manufacturer, based on a share price of $63.57.

The acquisition added to Vulcan's operations in Florida and diversified its operations in the Southeast and mid-Atlantic regions. Florida Rock is based in Jacksonville, Fla.

Shares of Vulcan lost $2.57, or 3.6 percent, to close at $68.20 on Monday.