Martin Marietta receives HSR filing second request in proposed combination

theflyonthewall.com

Martin Marietta Materials (MLM), announced today that, as expected, the company received a second request as discussions with the Department of Justice continue regarding a resolution in relation to its Hart-Scott-Rodino Antitrust Improvement Act filing, or HSR, in the proposed combination with Texas Industries (TXI). The company is hopeful a resolution will be reached that does not involve either the company’s or TXI’s Texas-based quarries serving the Dallas/Fort Worth, metroplex, and that provides benefit to both our customers and our business. While the company is not in a position to publicly respond to any specific possible resolution, we believe any HSR issues will not be material. Further, the company’s views as to the DOJ resolution remain the same as they were when the transaction was first announced and we remain confident the transaction will proceed on the original timetable with an expected close this summer.

Rates

View Comments (0)