Vulcan Materials
Here we go again
After spending the first half of this year at the top of our news pages, the story of Martin Marietta Materials’ bid for Vulcan Materials had fallen from the spotlight. Well, it’s back. When a judge put a four-month hold… Keep Reading
The crazy task of reporting quarterly numbers
My wife works at a newspaper, and she was telling me that a young business reporter had written a long story about a local bank's second-quarter earnings -- taking all of the information directly from the bank's earnings report. The… Keep Reading
Vulcan Materials releases second-quarter earnings summary
Vulcan Materials Co. shared its second-quarter earnings summary last week, announcing that its aggregates segment gross profit improved 9 percent due to increased productivity and cost-reduction initiatives. Vulcan’s aggregates shipments increased slightly on a same-store basis from the prior year… Keep Reading
Martin Marietta-Vulcan ruling explained further
Bloomberg reports that the Delaware Supreme Court has expanded on a May 31 ruling, concluding in a 42-page explanatory opinion that a lower court properly found Martin Marietta Materials Inc. could not proceed with a hostile takeover of Vulcan Materials… Keep Reading
Shareholders elect all Vulcan board nominees
Vulcan Materials Co. announced that, based on preliminary results, shareholders have re-elected the company's entire slate of director nominees. Vulcan directors Phillip W. Farmer, H. Allen Franklin, Richard T. O'Brien and Donald B. Rice each received "a substantial majority of… Keep Reading
Will Martin Marietta ever succeed in taking over Vulcan?
It’s the question that’s had the aggregates industry, as well as the financial analysts and law specialists following Martin Marietta Materials Inc. and Vulcan Materials Co., on hold since the two companies entered friendly merger talks back in 2010. Following… Keep Reading
Martin Marietta loses appeal of Vulcan bid ruling
Reuters reports that Martin Marietta Materials Inc. lost its appeal to overturn a court order that halted its $4.5 billion hostile bid and proxy contest for rival Vulcan Materials Co. Delaware's Supreme Court today affirmed a ruling by the state's… Keep Reading
Vulcan Materials CEO sued by company’s founding family
Members of the founding family of Vulcan Materials Co. have sued CEO Don James and directors, The Birmingham News reports. The family says Vulcan Materials erred in not accepting a buyout offer from Martin Marietta Materials. Glenn and William Ireland filed a… Keep Reading
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
