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31.05.2012 | 20:26
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AFX News · Mehr Nachrichten von AFX News

WASHINGTON (dpa-AFX) - Vulcan Materials Co. (VMC) issued a statement on the decision by the Delaware Supreme Court to affirm the May 4, 2012 ruling of the Delaware Court of Chancery to enjoin Martin Marietta Materials (MLM) for a period of four months from prosecuting a proxy contest, making an exchange or tender offer, or otherwise taking steps to acquire control of Vulcan shares or assets and from any further violations of two confidentiality agreements between the parties.

'We appreciate the Delaware Supreme Court's careful consideration of this matter and are pleased with the Court's ruling affirming the May 4th decision of the Delaware Court of Chancery. Vulcan's Board and management team are committed to enhancing long-term value for all shareholders, and we look forward to continuing to deliver on our growth strategy and cost savings initiatives,' Vulcan Materials said.

Copyright RTT News/dpa-AFX

© 2012 AFX News

Link: http://www.finanznachrichten.de/nachrichten-2012-05/23681541-vulcan-materials-comments-on-delaware-supreme-court-ruling-in-favor-of-co-020.htm
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