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Martin Marietta Materials and Texas Industries Agree to Combine

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RALEIGH, N.C. & DALLAS--(BUSINESS WIRE)--Martin Marietta Materials, Inc. (NYSE:MLM) and Texas Industries, Inc. (NYSE:TXI) today announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which Martin Marietta will acquire all of the outstanding shares of Texas Industries common stock in a tax-free, stock-for-stock transaction. Under the terms of the merger agreement, Texas Industries shareholders will receive 0.700 Martin Marietta shar Reported by Business Wire 2 days ago.

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