Responding to Vulcan Materials' (VMC +0.4%) rejection of Martin Marietta’s (MLM -0.6%) “lowball...

|About: Martin Marietta Materials Inc. (MLM)|By:, SA News Editor

Responding to Vulcan Materials' (VMC +0.4%) rejection of Martin Marietta’s (MLM -0.6%) “lowball and opportunistic” takeover offer, MLM renews its request for friendly negotiations and hints it could raise its nearly $5B bid. VMC shares are trading above the $38.03 value of MLM's latest bid, a sign that investors already expect a higher offer.