MARTIN MARIETTA MATS. v. VULCAN MATERIALS

Civil Action No. 7102-CS.

56 A.3d 1072 (2012)

MARTIN MARIETTA MATERIALS, INC., Plaintiff, v. VULCAN MATERIALS COMPANY, Defendant.

Court of Chancery of Delaware.

Decided: May 4, 2012.


Attorney(s) appearing for the Case

Robert S. Saunders, Esquire , Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, Delaware; Robert E. Zimet, Esquire , James A. Keyte, Esquire , Susan L. Saltzstein, Esquire , Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York; Eric J. Gorman, Esquire , Skadden, Arps, Slate, Meagher & Flom LLP, Chicago, Illinois, Attorneys for Plaintiff.

Collins J. Seitz, Jr., Esquire , David E. Ross, Esquire , Garrett B. Moritz, Esquire , Eric D. Selden, Esquire , Anthony A. Rickey, Esquire , Seitz Ross Aronstam & Moritz LLP, Wilmington, Delaware; Kenneth B. Forrest, Esquire , William Savitt, Esquire , Theodore N. Mirvis, Esquire , Vincent G. Levy, Esquire , Adam S. Hobson, Esquire , Olivia A. Maginley, Esquire , Wachtell, Lipton, Rosen & Katz, New York, New York, Attorneys for Defendant.


OPINION

STRINE, Chancellor.

I. Introduction

This case presents interesting questions regarding the meaning of confidentiality agreements entered into by two industry rivals at a time when both were intrigued by the possibility of a friendly merger and when neither wished to be the subject of an unsolicited offer by the other or a third-party industry rival.

May one of the parties — especially the one who evinced the most concern...

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