Key Developments: Martin Marietta Materials Inc (MLM.N)

MLM.N on New York Stock Exchange

128.92USD
14 Jul 2014
Price Change (% chg)

$-0.20 (-0.15%)
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$129.12
Open
$129.41
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$129.41
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$128.74
Volume
9,374
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206,845
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$136.27
52-wk Low
$94.04

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Latest Key Developments (Source: Significant Developments)

Martin Marietta Materials Inc announces Fitch affirms Martin Marietta's rating and IDR rating at 'BBB-'; Outlook Stable
Wednesday, 2 Jul 2014 09:45am EDT 

Martin Marietta Materials Inc:Announces Fitch ratings has affirmed ratings of Martin Marietta Materials, Inc, including co's Issuer Default Rating (IDR) at 'BBB-', following the completion of the company's merger agreement with Texas Industries, Inc.  Full Article

Martin Marietta Materials Inc completes Texas Industries acquisition
Wednesday, 2 Jul 2014 12:07am EDT 

Martin Marietta Materials Inc:Completed its acquisition of Texas Industries Inc.  Full Article

Martin Marietta Materials prices private offering of senior notes
Monday, 23 Jun 2014 05:56pm EDT 

Martin Marietta Materials Inc:Prices offering of $700 mln aggregate principal amount of senior notes, comprised of $300 million floating rate senior notes due June 30, 2017 and $400 million 4.250 pct senior notes due July 2, 2024.Floating Rate Notes priced at 100 pct with a coupon of three-month LIBOR for U.S. dollars plus 1.10 pct (or 110 basis points), reset quarterly, and the Fixed Rate Notes priced at 99.428 pct with a coupon of 4.250 pct.Offering is subject to customary closing conditions, and settlement is expected to occur on July 2.Notes will be general unsecured unsubordinated obligations of Martin Marietta.  Full Article

Martin Marietta Materials Inc expects to enter into agreement for acquisition of Texas Industries
Monday, 23 Jun 2014 08:22am EDT 

Martin Marietta Materials Inc:Expects to enter into an agreement with U.S. Department of Justice (DOJ) that will resolve all competition issues with respect to Martin Marietta's proposed acquisition of Texas Industries Inc.Believes that agreement will be finalized this week.Company is not in position to state terms of agreement until it is final.  Full Article

Martin Marietta Materials declares regular cash dividend
Friday, 23 May 2014 08:00am EDT 

Martin Marietta Materials Inc:Declares a regular quarterly cash dividend of $0.40 per share on common stock.Payable on June 30 to shareholders of record at the close of business on June 2.  Full Article

Martin Marietta Materials Inc and Martin Marietta Funding LLC enters into second amendment to its credit and security agreement with SunTrust Bank - Form 8-K
Thursday, 24 Apr 2014 11:26am EDT 

Martin Marietta Materials Inc:Says the Corporation and its subsidiary, Martin Marietta Funding LLC, entered into the Second Amendment to its Credit and Security Agreement with SunTrust Bank dated as of April 19, 2013.Credit and Security Agreement was extended and, as amended, is scheduled to terminate on Sept. 30, but may be further extended by agreement of the Corporation, MM Funding, SunTrust, and other lenders, if any.Credit and Security Agreement is a $150,000,000 trade receivables securitization facility backed by trade receivables originated by the corporation or by certain of its subsidiaries and acquired by the corporation, which the corporation then sells or contributes to MM Funding.  Full Article

Martin Marietta Materials Inc announces President & CEO Ward Nye elected as Chairman
Wednesday, 16 Apr 2014 04:01pm EDT 

Martin Marietta Materials Inc:Stephen P. Zelnak, Jr. will retire from his role as Chairman effective May 22 following company's Annual Shareholders Meeting.Electes President and Chief Executive Officer C. Howard (Ward) Nye to additional post of Chairman of Board upon Zelnak's retirement.  Full Article

Martin Marietta Materials Inc and Texas Industries agree to combine
Tuesday, 28 Jan 2014 07:00am EST 

Martin Marietta Materials Inc and Texas Industries, Inc:Says the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which Martin Marietta will acquire all of the outstanding shares of Texas Industries common stock in a tax-free, stock-for-stock transaction.Says under the terms of the merger agreement, Texas Industries shareholders will receive 0.700 Martin Marietta shares for each share of Texas Industries common stock they own at closing.Says based on the closing market prices for the shares of both companies on Jan. 27, and their debt levels as of their most recently completed quarters, the combined company will have an enterprise value of about $8.5 bln.Says J.P. Morgan, Deutsche Bank and Barclays are serving as Martin Marietta`s financial advisors and Cravath, Swaine & Moore LLP is serving as its legal advisor; Citigroup is serving as Texas Industries` financial advisor, and Wachtell, Lipton, Rosen & Katz is serving as its legal advisor.  Full Article

Martin Marietta Materials Inc in talks to buy Texas Industries - Reuters
Friday, 24 Jan 2014 03:18pm EST 

Martin Marietta Materials Inc:According to people familiar with the matter Martin Marietta Materials Inc is in advanced talks to buy construction material supplier Texas Industries Inc - Reuters.Says no deal value was mentioned, but the report said an agreement could be announced as early as next week.  Full Article

Martin Marietta Materials Inc declares regular cash dividend
Friday, 24 Jan 2014 08:00am EST 

Martin Marietta Materials Inc:Says it has declared a regular quarterly cash dividend of $0.40 (forty cents) per share on the Corporation`s common stock.Says this dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable Mar. 31 to shareholders of record at the close of business on Mar. 3.  Full Article

Deals of the day- Mergers and acquisitions

(Adds Martin Marietta Materials, Philips, TreeHouse Foods, Natixis, Banca Popolare di Vicenza; updates Gazprom, Petrofac, Auxilium, AMS, London Stock Exchange)

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