Vulcan Takeover Bid Ruling Upheld
- Written by Mark Kuhar
July 13, 2012 – Here is the latest on the Martin Marietta Materils-Vulcan Materials takeover bid. The Delaware Supreme Court amplified recent rulings, saying rival Martin Marietta Materials didn't err by launching the takeover, but by using confidential information gleaned from friendly merger talks. The state's high court said in a supplementary opinion released Tuesday that a lower court was correct in blocking Martin Marietta's hostile bid for Birmingham-based Vulcan Materials, the largest U.S. producer of road-construction materials.