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  • theflyonthewall.com2 years ago

    Martin Marietta stockholders, Texas Industries stockholders approve merger

    Martin Marietta stockholders, Texas Industries stockholders approve merger

  • Reuters2 years ago

    Martin Marietta must divest as part of Texas Industries deal

    Martin Marietta Materials Inc must divest an Oklahoma quarry and two Texas rail yards in order to proceed with its proposed $2.7 billion acquisition of Texas Industries Inc, the U.S. Department of Justice said on Thursday. Without the divestiture, the proposed acquisition was likely to result in higher prices for purchasers of aggregate in parts of the Dallas metropolitan area because of a dearth of competition, the DOJ said. Among the beneficiaries of the actions will be the Texas Department of Transportation, for whom Martin Marietta and Texas Industries are two of the only three suppliers of aggregate for road building and other infrastructure projects. Under the proposed consent decree, North Carolina-based Martin Marietta must divest its North Troy aggregate quarry in Mill Creek, Oklahoma, and rail yards in Dallas and Frisco, Texas, to approved buyers.

  • TheStreet.com2 years ago

    3 Stocks Improving Performance Of The Materials & Construction Industry

    TheStreet highlights 3 stocks pushing the materials & construction industry higher today.