WILMINGTON, Delaware (Reuters) - Martin Marietta Materials Inc may have little chance for success when it goes to Delaware's Supreme Court on Thursday for what could be a last-gasp attempt to revive its $4.5 billion hostile bid for Vulcan Materials Co . Martin Marietta, which wants to complete the deal to become the world's biggest producer of sand, gravel and other construction materials, hopes to reverse a ruling made earlier this month by Delaware's Court of Chancery. ...
By Robert Broens: Martin Marietta Materials (MLM) announced the intention to merge their operations with Vulcan Materials (VMC). The combined combination would become the global leader in construction aggregatives, with a combined market capitalization of $7.7 billion as of Friday's close.
By Stocks & Shares:Hostile takeovers are among the most compelling events in business. These events involve conflict between executives, courtrooms, and other elements seen in prime-time drama. Though interesting and entertaining, hostile takeovers do not necessarily afford attractive investment plays.
By David White:Martin Marietta Materials Corp. (MLM) was trying to buy out Vulcan Materials Company (VMC). In late 2011 it made a hostile takeover bid of $4.8B for VMC ($36.69 per share). This was rejected by VMC.
William Kabourek submits:The recession and its impact on certain industries remains far from over. The aggregates industry, forgive the play on words, is a bedrock of the U.S economy. However, it hasn't been very hospitable to owners in that are central to the economy can experience significant troubles, especially if balance sheets get stretched.
Two of America’s largest aggregate producers could merge if Martin Marietta Materials has its way. The company recently announced plans to take over rival Vulcan Materials. If combined, Martin Marietta [...]
RALEIGH, N.C. (AP) -- Martin Marietta Materials has launched a hostile takeover bid for rival construction materials company Vulcan Materials with an offer to buy the company for $4.74 billion in stock....