Key Developments: Martin Marietta Materials Inc (MLM)
108.09USD
19 Jun 2013
$-1.64 (-1.49%)
$109.73
$109.70
$110.35
$108.09
323,596
372,242
$113.65
$67.56
Latest Key Developments (Source: Significant Developments)
Martin Marietta Materials Inc Declares Regular Cash Dividend
Martin Marietta Materials Inc announced that the Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on the Corporation`s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable June 28, 2013, to shareholders of record at the close of business on June 3, 2013. Full Article
Martin Marietta Materials Inc Declares Regular Quarterly Cash Dividend
Martin Marietta Materials Inc announced that the Board of Directors have declared a regular quarterly cash dividend of $0.40 per share on the Corporation`s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable March 29, 2013, to shareholders of record at the close of business on March 1, 2013. Full Article
Martin Marietta Materials Inc Declares Regular Cash Dividend
Martin Marietta Materials Inc announced that the Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on the Corporation`s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable December 31, 2012, to shareholders of record at the close of business on November 30, 2012. Full Article
Martin Marietta Materials Inc Declares Regular Cash Dividend
Martin Marietta Materials Inc announced that the Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on the Corporation's common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable September 28, 2012, to shareholders of record at the close of business on September 4, 2012. Full Article
Martin Marietta Materials, Inc. Declares Regular Cash Dividend
Martin Marietta Materials, Inc. announced that the Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on the Corporation’s common stock. This dividend is payable on June 29, 2012, to shareholders of record at the close of business on June 1, 2012. Full Article
Martin Marietta Materials, Inc. Gets Quick Appeal On Vulcan Materials Company Bid-Reuters
Reuters reported that Martin Marietta Materials, Inc. won an expedited appeal of a Delaware court ruling halting its $5 billion hostile offer to buy Vulcan Materials Company. The Delaware Supreme Court agreed to hear Martin Marietta's appeal on May 25, reviving the company's hopes that it might pursue a proxy fight for board seats at Vulcan's annual shareholder meeting on June 1, exactly one week later. Martin Marietta, a gravel maker, is seeking to overturn a May 4 ruling by Chancellor Leo Strine of the Delaware Chancery Court that barred it from pursuing its proxy fight and tender offer for larger rival Vulcan for four months. Strine found that Martin Marietta had violated a confidentiality agreement it had signed with Vulcan when the two began friendly merger talks in 2010. Those talks broke off in mid-2011, and Martin Marietta launched its unsolicited tender offer in December. It has contended that a combined company could deliver $250 million of annual cost savings to shareholders. Full Article
Martin Marietta Materials, Inc. Enters Into Timing Agreement With Department Of Justice
Martin Marietta Materials, Inc. announced that it has entered into an agreement with the U.S. Department of Justice (DOJ) with respect to the timing of steps to be taken in connection with the DOJ’s review of Martin Marietta’s proposed combination with Vulcan Materials Company. The Timing Agreement provides that, in the second half of April 2012, Martin Marietta and the DOJ investigating staff will discuss resolution of any antitrust concerns in an effort to reach agreement on a consent order. If agreement with the DOJ on a consent order is not reached on that timeline, the Timing Agreement provides that Martin Marietta will not seek to close the transaction prior to mid-August without the consent of the DOJ. Full Article
Martin Marietta Materials, Inc. Declares Regular Cash Dividend
Martin Marietta Materials, Inc. announced that the Board of Directors has declared a regular quarterly cash dividend of $0.40 (forty cents) per share on the Corporation’s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable March 30, 2012, to shareholders of record at the close of business on March 1, 2012. Full Article
Martin Marietta Materials, Inc. Proposes Combination With Vulcan Materials Company In Stock-for-Stock Transaction; Commences Exchange Offer
Martin Marietta Materials, Inc. announced that it has delivered a proposal to Vulcan Materials Company, and commenced an exchange offer to effect a business combination with Vulcan that would create a U.S.-based company that is the global leader in construction aggregates with a footprint reaching across North America. As of December 9, 2011, the combined market capitalization was $7.7 billion and the combined total enterprise value was $11.4 billion. The combined mineral reserves of the two companies would be 28 billion tons. Under the terms of the exchange offer, each outstanding share of Vulcan will be exchanged for 0.50 Martin Marietta shares. Martin Marietta’s proposal contemplates directors from both Martin Marietta and Vulcan serving on the combined company's Board. Furthermore, it proposes Don James, Vulcan’s Chairman and Chief Executive Officer, serve as Chairman of the Board, and that Ward Nye serve as President and Chief Executive Officer, with executives from both companies on the senior management team. Under the proposal, the combined company would be headquartered in Raleigh, North Carolina, where Martin Marietta is based, and maintain a major presence in Birmingham, Alabama, where Vulcan is based. Full Article
Martin Marietta Materials, Inc. Declares Regular Cash Dividend
Martin Marietta Materials, Inc. announced that the Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on the Corporation’s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable December 30, 2011, to shareholders of record at the close of business on December 1, 2011. Full Article
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