By Shelly Baskin/WSJ
New York, NY – The parent company of a Grand Rivers construction materials facility is the target of a hostile takeover bid. Martin Marietta Materials has announced an offer to buy Vulcan Materials for about $4.76 billion in stock. Vulcan's Grand Rivers facility includes a quarry that produces asphalt and concrete aggregate and other construction materials. The Wall-Street Journal reports Martin Marietta decided to make the hostile bid after Vulcan stopped participating in negotiations for a takeover earlier this year.