Cement News tagged under: Martin Marietta Materials
Martin Marietta to take over Texas Industries29 January 2014, Published under Cement NewsMartin Marietta Materials, currently the fourth-largest US aggregates producer, is making an agreed, all-share offer for Texas Industries. If concluded, it will leave existing Martin Marietta Materials shareholders with around 69 per cent of the combined equity, with the remaining 31 per cent going to the existing owners of Texas Industries. Martin Marietta will thereby enter the cement industry and the merged entity will control some 400 quarries, pits and distribution points across 36 ... |
Martin Marietta in talks to buy Texas Industries - report27 January 2014, Published under Cement NewsMartin Marietta Materials Inc, the fourth-largest US aggregates producer, is in advanced talks to buy construction material supplier Texas Industries Inc, Bloomberg yesterday reported, citing people familiar with the matter. An all-stock deal could be announced as early as next week, the report said. Bloomberg reported last month that Dallas-based Texas Industries had put itself up for sale and was working with Citigroup to find a buyer. Southeastern Asset Management Inc and NNS Holdin... |
Martin Marietta violated confidentiality agreement, judge rules07 May 2012, Published under Cement NewsDelaware Judge Leo Strine has ruled that Martin Marietta violated a nondisclosure agreement with Vulcan and used confidential information in forming its USD5.3bn bid and proxy fight. It has been ordered to suspend all activities related to the deal for four months. Martin Marietta said on Monday, it would appeal the ruling: “We are disappointed with the decision rendered by the Delaware Court of Chancery, with which we strongly disagree,” the company said in a statement. “After carefully co... |
Martin Marietta continues pursuit of Vulcan26 January 2012, Published under Cement NewsMartin Marietta Materials Inc, which began a hostile takeover of Vulcan Materials in December, released a list of five people it is pushing for election on Vulcan Materials' board of directors at Vulcan's annual meeting. North Carolina-based Martin Marietta filed a proxy statement with the Securities and Exchange Commission on Tuesday in connection with the proposal. It said in the statement it believes Vulcan's current board is not acting in the company's best interest.. "Vulcan refus... |
Martin Marietta bid backed by large shareholder23 January 2012, Published under Cement NewsOne of the largest shareholders of both Vulcan Materials Co and Martin Marietta Materials Inc (MLM), South Eastern Asset Management Inc, has backed the proposed combination of the two companies. Southeastern said it supports Martin Marietta’s hostile bid for Vulcan, according to reports by Bloomberg. Towards the end of last year, Martin Marietta offered to exchange 0.5 shares for each Vulcan share, in a swap originally valued at US$4.7bn. “Southeastern believes the proposed combination... |