Hints and tips:
...Newmont Mining Corp fell 1.3 per cent and Barrick Gold declined 1.5 per cent. Canadian gold miners also took a hit, with Franco-Nevada dipping 0.5 per cent and Goldcorp nudged 0.9 per cent lower....
...Martin Marietta Materials was up 4 per cent, while Vulcan Materials rose 3.5 per cent and USG Corp was up 2.2 per cent....
...Martin Marietta reported last week, and they and a couple of other materials companies have blamed their poor quarters on the rain. Even Milli Vanilli’s success with this line turned out to be fake....
...Marietta Miemietz of Equinet echoed that, saying it would curtail Bayer’s “strategic flexibility in the healthcare space”....
...Instead, Allied Corp, which entered the fray to help Bendix vanquish Martin Marietta, swallowed Bendix for $2bn....
...The Pentagon then encouraged a wave of consolidation in the 1990s: Northrop and Grumman merged in 1994 to form Northrop Grumman, Lockheed and Martin Marietta merged in 1995 to form Lockheed Martin and Boeing...
...Martin Marietta shares added 3.3 per cent to $86.89....
...Since Martin Marietta made its initial all-stock offer, Vulcan shares have climbed about 19 per cent, while Martin Marietta shares have risen about 2 per cent....
...But Vulcan does look sickly, having slashed its dividend and underperformed Martin Marietta....
...It has been a long and winding road indeed for Martin Marietta and Vulcan Materials....
...Martin Marietta intends to submit five of its own nominees to Vulcan’s 11-strong board....
...A combined Vulcan-Marietta group would be worth $11.4bn including debt, have operations in 35 US states and control mineral reserves of about 28bn tons....
...Martin Marietta, a US construction company, saw its hostile bid for rival Vulcan Materials blocked. But going hostile is still being recommended....
...Martin Marietta climbed 1.7 per cent to $74.61. M&A hopes helped Netflix to a 6.2 per cent gain....
...The Irish aggregates maker, which last week won promotion to the FTSE 100, rose in the wake of Monday’s hostile offer for Vulcan Materials from US peer Martin Marietta....
...Martin Marietta, the building materials company, this week demonstrated how receptive the market can be to industry consolidation aimed at creating value by slashing costs....
...● State Street Corporation has recruited Marietta Cisari as a senior relationship executive based in Milan. Ms Cisari was previously a global account manager with BNY Mellon....
...need to refi[nance] for a whole host of reasons but mostly to find some affordability are having a hard time either because they don’t meet the credit threshold …or the property has depreciated,” said Marietta...
...In the July 9 issue, the editors of Hedge Fund Trades highlight their “Fab Five” deals: Top Trade 1: Martin Marietta Materials....
...It was first pioneered in the US by Martin Marietta, a defence contractor, which in 1982 countered a hostile bid from Bendix, an engineering company, with a bid of its own....
...“Following the acquisition of Schering, we expect the rising contribution and visibility of healthcare to eventually trigger a share re-rating,” said Bear Stearns analyst Marietta Miemietz....
...“We foresee no immediate effect on company strategy or operations,” Marietta Miemietz of Bear Stearns said....
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