Martin Marietta Materials Inc. reported its results for the third quarter ended Sept. 30, 2014, with a healthy increase in sales and profitability.
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Update on the Mega Merger
April 24, 2014 – Martin Marietta Materials Inc. said it has 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 in the proposed combination with Texas Industries Inc.
Read MoreWho’s Number One?
With the announcement that Martin Marietta Materials Inc. and Texas Industries Inc. unanimously approved a merger agreement came the assertion that “Martin Marietta will become the nation’s largest producer of construction aggregates, supplying the crushed stone, sand and gravel used to build the roads, sidewalks and foundations on which Americans live.”
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.
Read MoreTXI Reports Fourth Quarter, Yearly Results
Texas Industries Inc. (TXI) reported financial results for the quarter and year ended May 31, 2013. Net income for the quarter was $44.1 million or $1.52 per share. Net income included income net of tax from discontinued operations of $28.5 million or $.98 per share. Net income from discontinued operations included a pre-tax gain on the disposition of expanded shale…
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