Texas Industries Holds Talks on Sale to Martin Marietta -Bloomberg
January 24 2014 - 3:25PM
Dow Jones News
Texas Industries Inc. (TXI) in advanced talks for a potential
sale to Martin Marietta Materials Inc. (MLM), and an agreement on a
transaction could come as early as next week, Bloomberg News
reported Friday, citing people with knowledge of the matter.
Texas Industries is working with Citigroup Inc. (C) in its
search for a buyer, the people said.
Shares of Texas Industries recently traded up 7% to $73.66,
while shares of Martin Marietta were recently down 4% to
$104.65.
Full story at:
www.bloomberg.com/news/2014-01-24/texas-industries-said-in-talks-on-sale-to-martin-marietta.html
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