Martin Marietta Asks To Resume $5.5B Vulcan Bid Amid Appeal

Law360, New York (May 11, 2012, 8:08 PM EDT) -- Martin Marietta Materials Inc. asked a Delaware judge Friday to let it bring its hostile takeover bid for rival Vulcan Materials Co. to a Vulcan shareholder vote next month despite a court order halting the $5.5 billion bid until September.

The North Carolina-based rock quarry company moved to stay the effect of the four-month delay while it appeals to the Delaware Supreme Court, according to a motion filed in the state's chancery court. If Martin Marietta succeeds, it will run four handpicked candidates for seats on...
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