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.
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. ...
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....
Martin Marietta Materials is likely to explore a friendly offer for rival gravel and sand supplier Vulcan Materials, rather than launch another hostile takeover attempt, according to people familiar with the decision.
The Vulcan Materials board has reiterated arguments made in court filings that the Martin Marietta Materials tender offer undervalues the company and comes at a low point for the cyclical construction business.
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.
Martin Marietta Materials Inc launched a hostile $4.8 billion all-stock offer to buy larger rival Vulcan Materials Co in a bid to build the world's largest producer of sand, gravel and other construction ...
Reuters - Construction aggregates maker Martin Marietta Materials Inc launched a hostile $4.8 billion all-stock offer to buy larger rival Vulcan Materials Co in a bid to build a global leader in an industry that has been battered by the housing-market downturn.
Unveiling a big offer toward the end of the year Martin Marietta launched a $4.7 billion hostile takeover bid for VUlcan Materials that would create a combined company with total enterprise value of $11.4 billion.