May 31, 2012 / 4:01 PM / 6 years ago

Martin Marietta loses appeal of Vulcan bid ruling

DOVER, Del., May 31 (Reuters) - Martin Marietta Materials Inc lost its appeal on Thursday to overturn a court ruling halting its $4.5 billion hostile bid and proxy contest for rival Vulcan Materials Inc.

Delaware’s Supreme Court affirmed a ruling by the state’s Court of Chancery, which prevented Martin Marietta from seeking to elect its four nominees to Vulcan’s board at Friday’s meeting of Vulcan shareholders.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below