Vulcan Spurns Martin Marietta's $4.7B Hostile Bid
Vulcan’s board unanimously rejected the “lowball and opportunistic” bid and recommended its shareholders do the same, the company said in a statement, setting the stage for a potentially messy takeover battle in several courts across the U.S.
“The offer, made at a low point in the economic and industry cycle, does not come close to appropriately...
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