Vulcan Materials
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
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
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
