economics
Martin Marietta’s appeal delayed
Martin Marietta Materials Inc.'s appeal of a lower court ruling that halted its $5 billion offer for Vulcan Materials Co. has been postponed until May 31, according to Reuters. Originally, the appeal was scheduled for May 25, and the new… Keep Reading
Court to hear Martin Marietta appeal May 25
Reuters reports that Martin Marietta Materials Inc. has won an expedited appeal of the May 4 ruling that barred it from pursuing its offer for Vulcan Materials for four months. The Delaware Supreme Court, says Reuters, has agreed to hear… Keep Reading
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
PCA cement consumption forecast positive
After seven straight years of declines, the Portland Cement Association (PCA) expects cement consumption to increase modestly this year and at a greater rate in 2013 and 2014. PCA is basing its forecast on stronger-than-expected job creation and the construction industry’s… Keep Reading
Vulcan Materials announces earnings improvement
Vulcan Materials Co., the nation's largest producer of construction aggregates, today announced what it calls significantly improved results for the first quarter ended March 31. Don James, chairman and CEO, said, "Our aggregates business delivered another quarter of strong improvement… 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
