History
In 1982, Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation. Bendix bought the majority of Martin Marietta shares and in effect owned the company. However, Martin Marietta's management used the short time separating ownership and control to sell non-core businesses and launch its own hostile takeover of Bendix (known as the Pac-Man defense). The end of this extraordinarily bitter battle saw Martin Marietta survive; Bendix was bought by Allied Corporation.
Read more about this topic: Martin Marietta
Famous quotes containing the word history:
“The history of progress is written in the blood of men and women who have dared to espouse an unpopular cause, as, for instance, the black mans right to his body, or womans right to her soul.”
—Emma Goldman (18691940)
“Certainly there is not the fight recorded in Concord history, at least, if in the history of America, that will bear a moments comparison with this, whether for the numbers engaged in it, or for the patriotism and heroism displayed.”
—Henry David Thoreau (18171862)
“If you look at the 150 years of modern Chinas history since the Opium Wars, then you cant avoid the conclusion that the last 15 years are the best 15 years in Chinas modern history.”
—J. Stapleton Roy (b. 1935)