Martin Marietta wins bout in Bendix takeover fight
| Baltimore
A federal judge refused to block Martin Marietta from buying shares in aerospace rival Bendix Corporation, amid signs executives at the companies may be negotiating an end to their bitter takeover fight.
US District Court Judge Joseph Young's decision opened the way for Marietta, the 130th-largest US industrial company, to begin buying Bendix shares at $75 each Wednesday at midnight, Eastern daylight time. The decision was the second court victory in two days for Marietta.
