Martin Marietta is Subject to Order of Delaware Court of Chancery
RALEIGH, N.C.--(BUSINESS WIRE)-- Martin Marietta Materials, Inc. (NYSE: MLM) announced today that in accordance with the decision of the Delaware Court of Chancery on May 4, 2012, the Court of Chancery today issued an order implementing its decision which until September 14, 2012 enjoins Martin Marietta from, among other things, pursuing Martin Mariettas exchange offer for shares of Vulcan Materials Company, prosecuting Martin Mariettas proxy contest at Vulcans 2012 annual meeting of shareholders, and otherwise taking steps to acquire control of Vulcan shares or assets.
Also, as required by the Court of Chancerys order, Martin Marietta is, among other things, terminating its exchange offer and withdrawing its related registration statement, withdrawing its Hart-Scott Rodino Act filing in connection with its exchange offer, and withdrawing its nominees for election at the Vulcan 2012 annual meeting and terminating the related solicitation of proxies. Any BLUE proxy cards and BLUE voting instruction forms that were previously circulated and have or may be received will not be effective, will not be voted by Martin Marietta at the Vulcan 2012 annual meeting and will be discarded.
As previously announced, Martin Marietta is appealing the Court of Chancerys decision to the Delaware Supreme Court.
About Martin Marietta
Martin Marietta Materials, Inc. is the nation's second largest producer of construction aggregates and a producer of magnesia-based chemicals and dolomitic lime. For more information about Martin Marietta Materials, Inc., refer to the Corporation's website at www.martinmarietta.com.
Martin Marietta Materials, Inc.
Anne Lloyd, 919-788-4367
Executive Vice President, Chief Financial Officer and Treasurer
Source: Martin Marietta Materials, Inc.Copyright Business Wire 2012