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Martin Marietta (MLM +2.1%) will need to raise its takeover bid for Vulcan Materials (VMC +3.6%)...
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Wednesday, September 19, 2012, 9:59 AM ETMartin Marietta (MLM +2.1%) will need to raise its takeover bid for Vulcan Materials (VMC +3.6%) by 40% to secure a deal, according to a Bloomberg analysis. VMC shares ended yesterday at $46.21, still 5.6% above MLM's takeover price; the premium indicates some investors are anticipating MLM will return with a higher bid now that the May injunction is over.
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