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Martin Marietta Vs. Vulcan: The Latest

MMMVMJanuary 11, 2012 – In the continuing war of words between Martin Marietta and Vulcan Materials, Vulcan got in the last word . . . or should I say, the latest last word. Martin Marietta provided shareholders and interested parties with a new presentation that outlined its vision for the deal. "We believe very strongly in the compelling benefits of the proposed business combination," said Martin Marietta President and CEO Ward Nye. In response, Vulcan issued the following statement: "Martin Marietta's presentation provides nothing new on the merits of its hostile offer. Vulcan held talks with Martin Marietta over many months and determined that a combination did not make economic sense for the company and would not enhance value for Vulcan shareholders.

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States Could Lose Highway Funds

nssgaJanuary 4, 2012 – According to NSSGA, a Jan. 30 deadline looms for states to implement a federal regulation whereby DMVs require interstate truck drivers to provide proof from a medical professional that they are healthy enough to drive. States failing to comply face a 5 percent cut in their federal highway funds with that penalty doubling if they do not come into conformance the following year.  One-third of states have indicated they may not meet this mandate, according to the Federal Motor Carrier Safety Administration.  States in violation as of Feb. 1 must submit a plan demonstrating "an earnest intent to gain full compliance" on an acceptable timeline or else federal funds could be withheld beginning Oct. 1, 2014.

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Frac Sand Questions

SandDecember 30, 2011 – About 80 people gathered recently at the Winona County History Center in Winona, Minn., to talk about frac sand mining in their county. This is something you are going to hear about over and over again as fracking activity continues to grow. The discussion ranged from land reclamation to concerns about potential effects on drinking water and the health of local residents. 

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Fatality #16

MSHA2December 27, 2011 – On Dec. 15, 2011, a 22-year-old laborer with three months of experience was killed at a surface stone operation. The victim, who was last seen on a control tower, fell into an operating jaw crusher. This is the 16th fatality reported in calendar year 2011 in the metal and nonmetal mining industries. As of this date in 2010, there were 30 fatalities reported in these industries. This is the fourth Powered Haulage fatality in 2011.

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Sue Me, Sue You Blues

vulcanDecember 22, 2011 - George Harrison once wrote a song titled the "Sue Me, Sue You Blues." Martin Marietta Materials and Vulcan Materials just may be singing that tune for awhile. Vulcan asked a federal court to block the Martin Marietta's blockbuster takeover bid, accusing the company of using confidential information “in the preparation of its hostile attack.” Vulcan, which filed its lawsuit in U.S. District Court in Birmingham, Ala., on Dec. 19, alleges Martin Marietta has inside information from earlier merger negotiations between the two companies and is “exploiting this informational advantage to buy Vulcan at an unfair price” in violation of a confidentiality agreement.martin-marietta

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