Law Offices of Howard G. Smith
announces that it is investigating
potential claims against the board of directors of Vulcan Materials
Company ("Vulcan” or the "Company”) (NYSE:VMC) concerning an unsolicited
offer to acquire the Company by Martin Marietta Materials, Inc. in a
deal valuing Vulcan stock at $4.7 billion.
On December 12, 2011, Martin Marietta announced that it had delivered an
unsolicited proposal to Vulcan and commenced an exchange offer to effect
a business combination with the Company. Under the terms of the exchange
offer, each outstanding share of Vulcan will be exchanged for 0.50
Martin Marietta shares, a value of approximately $36.69 per share based
on the previous trading day’s closing prices. Vulcan shares have closed
as high as $39.72 per share as recently as July 1, 2011. Further, at
least one analyst has set a target price for the Company’s stock at
$49.00.
If you are a shareholder of Vulcan, if you have information or would
like to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
