Vulcan Rises After Court Delays Martin Marietta Bid

Vulcan Materials Co.’s shares reversed an earlier decline after a court delayed a hostile bid by competitor Martin Marietta Materials Inc. for four months.

Vulcan, the U.S.’s largest producer of gravel and sand, rose 0.2 percent to $41.47 at the close in New York after earlier dropping as much as 4.3 percent. It’s the first increase in the stock since May 1. Martin Marietta’s shares rose 0.5 percent to $79.80.