acquisitions
Court denies Martin Marietta’s motion for a stay
Vulcan Materials Co. says a court has denied Martin Marietta Materials' motion for a stay on an order barring it from pursuing a $5.3-billion hostile takeover of Vulcan Materials for the next four months. The Court of Chancery has issued… Keep Reading
Judge rules in Vulcan Materials’ favor; Martin Marietta to appeal
Judge Leo E. Strine Jr. of the Delaware Chancery Court made a decision to block Martin Marietta Materials for a period of four months from prosecuting a proxy contest, making an exchange or tender offer, or otherwise taking steps to… Keep Reading
Dassault Systèmes acquires Gemcom Software
Vancouver-based Gemcom Software International has signed an agreement to be acquired by Dassault Systèmes, which provides businesses like aggregate producers with virtual universes in which they can achieve more sustainable innovations. Together, Gemcom and Dassault Systèmes will be creating a… Keep Reading
Martin Marietta-Vulcan ruling may not come soon
Reuters reports that the judge presiding over the case of Martin Marietta Materials' hostile bid for Vulcan Materials called the fight a "hall of mirrors." He also said he is unlikely to rule immediately on whether the hostile bid can… Keep Reading
Vulcan Materials’ lawyer says Martin Marietta bid not valid
The Martin Marietta Materials bid for Vulcan Materials Co. shouldn’t be permitted, because it violated contractual confidentiality obligations, a Vulcan Materials lawyer told a judge, according to a report by Bloomberg News. The agency says that in final arguments heard… Keep Reading
Rice Lake acquires Measurement Systems International
Rice Lake Weighing Systems announced the purchase of Measurement Systems International (MSI), a scale equipment manufacturer based in Seattle. MSI has been in business since 1977 with niche technologies such as crane scales, aircraft load monitors and more. Rice Lake… Keep Reading
Martin Marietta, Vulcan court decision coming soon
The Wall Street Journal (WSJ) reports that we should know by as early as next week whether Martin Marietta Materials' $5.5 billion bid for Vulcan Materials could be stopped owing to previous confidentiality agreements between the two companies. Final arguments in Delaware… Keep Reading
Vulcan Materials’ stock takes hit as battle continues
The takeover battle between Vulcan Materials Co. and Martin Marietta Materials Inc. continues. Bloomberg News reports that Vulcan Materials' stock fell below Martin Marietta’s hostile bid price last week, "indicating investors doubt that the $5.5 billion all-stock transaction will succeed."… Keep Reading
Vulcan, Martin Marietta await arguments in takeover trial
Vulcan Materials and Martin Marietta Materials completed four days of a trial in Wilmington, Del., arguing Martin Marietta's hostile takeover attempt of Vulcan. According to reports, Judge Leo Strine Jr. asked lawyers for post-trial briefings before final arguments are held during the week… Keep Reading
