Cannell Capital wants U.S. Concrete to consider a sale

By Lisa Kerner

Charlotte, N.C., May 27 - U.S. Concrete, Inc. investor Cannell Capital LLC urged the company to consider a sale in a May 22 letter included as part of a schedule 13D filing with the Securities and Exchange Commission.

Cannell Capital, a 6.2% shareholder, said that given the company's low valuation and current high costs of being publicly held, "a compelling case can be made to amortize" U.S. Concrete's assets.

Houston-based U.S. Concrete produces and sells ready-mixed concrete, precast concrete products and concrete-related products in select markets in the United States.

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