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'Vulcan Says It's Unaware Of $2B Mexican Offer For Assets; AMLO Announces Alleged Rejection Of Sweetened Bid For Plant; U.S. Firm Asked Biden Administration For Protection Last Year' - Bloomberg News

Benzinga ·  May 23 02:32

Vulcan Materials Co. rejected a Mexican government offer to purchase its Caribbean coast assets for $2 billion, according to the nation's president, but the US company said it wasn't aware of such a proposal.

President Andres Manuel Lopez Obrador announced the apparently sweetened price Wednesday morning, saying the state hasn't expropriated the property but that the Vulcan plant is merely "closed."

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