June 27, 2014 – The Department of Justice has spoken. I’m not sure they know what they are talking about, but they HAVE spoken. Martin Marietta Materials must divest an Oklahoma quarry and two Texas rail yards in order to proceed with its proposed $2.7 billion acquisition of Texas Industries, according to the agency. Without the divestiture, the proposed acquisition was…
Read MoreTag: Texas Industries
Martin Marietta, DOJ Set to Settle
June 21, 2014 – Martin Marietta Materials Inc. expects to enter into an agreement with the U.S. Department of Justice that will resolve all competition issues with respect to Martin Marietta’s proposed acquisition of Texas Industries Inc. Martin Marietta believes that the agreement will be finalized this week. While Martin Marietta is not in a position to state the terms…
Read MoreWho is Number One?
February 28, 2014 – Who is the largest aggregates producer in the United States? That is the question after Martin Marietta Materials’ acquisition of Texas Industries. Well, in 2013, according to data in public reports, Martin Marietta Materials reported 128,433,000 tons sold. TXI reported 14,600,000 tons sold for a combined total of 143,033,000 tons.
Read MoreThe Deal Goes Down
The Merger of Martin Marietta Materials and Texas Industries Creates a Construction-Materials Juggernaut. By Mark S. Kuhar
Read MoreMartin Marietta Materials Acquires Texas Industries
By Mark S. Kuhar
Read MoreMartin Marietta + Texas Industries?
January 25, 2014 – The word on the street is, Martin Marietta Materials is in advanced talks to buy the industry’s 14th largest crushed-stone producer,Texas Industries (TXI). An all-stock deal could be announced as early as this coming week, according to my sources.
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