Sources: U.S. Concrete Inc., Houston; CP staff
Public trading of U.S. Concrete shares resumed February 1 as NASDAQ Stock Market LLC approved the company’s application for the relisting of its common stock, with USCR succeeding a prior RMIX symbol. The relisting “will allow our shares to be held by a broader range of investors and facilitates increased shareholder liquidity,” notes U.S. Concrete CEO Michael Harlan. “[It] also provides greater visibility within the investment community and reflects the significant financial progress we have achieved as part of our effort to build shareholder value.”
Trading of shares was suspended last year in conjunction with a financial reorganization. Since the late-August completion of that process, U.S. Concrete has streamlined its portfolio around major ready mixed businesses in metro New York-New Jersey, central and west Texas, and northern California, plus utility and architectural precast plants in Arizona, California and Pennsylvania.