Martin Marietta makes unsolicited $4.6 billion bid for Vulcan
Martin Marietta Materials Inc
In a letter to Vulcan Chief Executive Donald James, Martin Marietta said it would pay 0.5 share of its stock for each Vulcan share. That means its bid is currently worth around $35.87 a share, a 12 percent premium to Vulcan's current value of $32 a share.
(Reporting by Michael Erman, editing by Gerald E. McCormick)
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