Sources: Martin Marietta Materials, Raleigh, N.C.; CP staff
A “Timing Agreement” will see Martin Marietta and U.S. Department of Justice officials meet in April to discuss resolution of any agency antitrust concerns surrounding the company’s proposed merger with Vulcan Materials Co. Discussions will proceed toward a consent order detailing potential asset sales or other measures to gain DOJ/Antitrust Division clearance on a merger plan—itself subject to Vulcan shareholder approval and management’s legal challenges.
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