Martin Marietta and Vulcan talking?
According to a report in the Dec. 3 edition of the Wall Street Journal, Martin Marietta Materials Inc. is making another attempt to buy Vulcan Materials Co.
Citing sources close to the decision, the WSJ reports that this offer — unlike Martin Marietta’s takeover effort last year — is likely to be a friendly offer. Vulcan rejected the first offer, a two-for-one stock swap, saying it undervalued the company. WSJ notes that Martin Marietta hasn’t yet approached Vulcan, abut remains interested in the deal.
Neither company opted to comment on the article.