Delaware Court Suspends Martin Marietta's Takeover Attempt on Vulcan

While Martin Marietta appeals court decision, it cannot pursue Vulcan shares, board seats

The Delaware Court of Chancery issued an order which until September 14, 2012, enjoins Martin Marietta Materials Inc. from pursuing its exchange offer for shares of Vulcan Materials Company, prosecuting a proxy contest at Vulcan's 2012 annual meeting of shareholders, and otherwise taking steps to acquire control of Vulcan shares or assets.

Martin Marietta is appealing the Court of Chancery's decision to the Delaware Supreme Court. In compliance with the court's order, Martin Marietta is terminating its exchange offer, withdrawing its related registration statement, withdrawing its Hart-Scott Rodino Act filing in connection with the exchange offer, withdrawing its nominees for election at the Vulcan 2012 annual meeting and terminating the related solicitation of proxies. Any "BLUE" proxy cards and "BLUE" voting instruction forms that were previously circulated and have or may be received will not be effective, will not be voted by Martin Marietta at the Vulcan 2012 annual meeting and will be discarded.