Reuters logo
3 years ago
BRIEF-U.S. to clear Martin Marietta Materials acquisition of Texas Industries, with divestitures
June 26, 2014 / 3:46 PM / 3 years ago

BRIEF-U.S. to clear Martin Marietta Materials acquisition of Texas Industries, with divestitures

1 Min Read

June 26 (Reuters) - * U.S. says to require Martin Marietta Materials Inc to divest a quarry

and two rail yards to proceed with acquisition of Texas Industries Inc

* U.S. says has filed a civil antitrust lawsuit, as well as a proposed

settlement that if approved by the court will resolve its antitrust concerns * U.S. says state of Texas joined in the lawsuit * U.S. says without the divesting of the Oklahoma quarry and two Texas rail

yards, the $2.7 billion Texas indusries acquisition would likely have raised

crushed stone prices in the Dallas area * U.S. says justice department's antitrust division must approve buyer of

divested assets

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below