Sold!

August 18, 2014 – Martin Marietta Materials has now sold what needed to be sold. The company completed the divestitures required pursuant to a consent decree that was a condition of the Department of Justice’s clearance of Martin Marietta’s acquisition of Texas Industries Inc., which closed on July 1, 2014. Martin Marietta sold to Vulcan Materials one quarry in Oklahoma and…

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DOJ Rules Martin Marietta Must Divest

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…

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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…

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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.

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XTO Energy Agrees to $100K Fine for Wastewater Spill

The U.S. Environmental Protection Agency and Department of Justice reached a settlement with XTO Energy on July 18 over alleged violations of the Clean Water Act (CWA) stemming from a spill of gas drilling wastewater in central Pennsylvania.

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