Martin Marietta's failed bid for Vulcan Materials (2011-2012)
Martin Marietta launched a $4.7 billion hostile bid to merge with rival Vulcan Materials, the other U.S. aggregates leader. Vulcan resisted. A Delaware court blocked the move, ruling Martin Marietta had misused confidential information from earlier friendly talks.
The court barred Martin Marietta from pursuing Vulcan for four months, and the bid died.
Martin Marietta turned to friendlier deals instead, buying Texas Industries in 2014 and building scale through agreed acquisitions.
It shows Martin Marietta's appetite for big consolidation and why it now prefers negotiated deals like Lhoist over contested takeovers.
