Vulcan Materials
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
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
Vulcan Materials’ letter urges shareholders to reject takeover offer
Vulcan Materials Co. has filed definitive proxy materials with the Securities and Exchange Commission in connection with its 2012 annual meeting of shareholders, to be held on June 1. The company's board of directors has also sent a letter urging… 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 taking case to Vulcan Materials shareholders
Martin Marietta Materials Inc. is sending a letter to the shareholders of Vulcan Materials Co., soliciting votes for four independent director candidates nominated by Martin Marietta to serve on the Vulcan Materials board. The four candidates would serve as the… Keep Reading
