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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Martin Marietta Materials Reports Second-Quarter Results
Martin Marietta Materials Inc. announced its results for the second quarter and six months ended June 30, 2013. Ward Nye, president and CEO of Martin Marietta Materials, stated: “We are pleased to report higher second-quarter net sales and gross margin compared with the prior-year quarter, which is particularly rewarding in light of excessive rainfall in most of our key markets.”
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