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Martin Marietta settles with DOJ, completes deal for Bluegrass Materials

After the Department of Justice filed a lawsuit to stop Martin Marietta Materials’ proposed $1.625 billion acquisition of Bluegrass Materials Co. unless it divested quarries in Georgia and Maryland, a settlement was reached.

On April 25, the DOJ’s antitrust division joined with Maryland’s Office of the Attorney General in a civil antitrust lawsuit filed in US District Court for the District of Columbia to block the proposed transaction. But the department also filed a proposed settlement to resolve its competitive concerns.

Martin Marietta agreed to divest...

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