Julie Hyman, Brian Sozzi, and Myles Udland discuss M&A activity on Monday, including: Vulcan acquiring U.S. Concrete in a $1.29 billion deal, Macquarie’s Atlantic Aviation being sold to KKR for $4.5 billion, and One Medical to acquire Iora Health.

Video Transcript

JULIE HYMAN: This is Yahoo Finance Live. We're just a few moments until the opening bell here this morning, and futures not showing much change here for the open. A little bit mixed here. We look at the NASDAQ futures pointing, lower the S&P and the Dow futures pointing higher. We haven't had a deal Monday in a little bit, have we? And we've got a few this morning. Not any that are huge huge, but still a couple that bear mentioning.

Vulcan Materials is going to buy US concrete. It's about a $1.3 billion deal, and, Sozzi, I know you've been looking at that one. It's a 30% premium here. And I guess it makes sense when you look at what has been happening in the construction and materials space.

BRIAN SOZZI: Yeah. Listen, we just talked to US Concrete CEO Ronnie Pruitt for our infrastructure week a couple of months ago, and I can't say I'm surprised having done the research into their market position. Very strong market position for US Concrete, most notably out of the California market too as well.

But you look at Vulcan. This is just a company that has grown through a series of acquisitions in recent years, just consolidating its position in the building material space in advance of what is likely to be an infrastructure package that could cause shortages. Shortages in the likes of concrete, which those shortages were already in place in some parts of California this year, but could see more if an infrastructure plan comes in later this year.

Ultimately, that would probably lead to pricing power. Hence, you see Vulcan Materials buying a company like US Concrete, which has done quite well under CEO Ronnie Pruitt before any infrastructure plan comes to fruition.

JULIE HYMAN: And it's doing quite well stock price wise this morning on the news of that deal rising almost to the deal price. Also, speaking of infrastructure, by the way, we got a straight up infrastructure deal this morning. KKR is going to buy Atlantic Aviation from Macquarie Infrastructure. The deal price on this one $4.48 billion in cash, debt, and restructuring obligations. So total purchase price here that we are looking at for KKR buying Atlantic Aviation from Macquarie Infrastructure.

Atlantic Aviation offers hangar space and aircraft maintenance, other aircraft types of services. So sort of tied to potential infrastructure slash reopening play, so interesting here on that front as well. We're set up for the opening bell, there it is. Citigroup, you can see representative, ringing the bell here this morning as we get underway.