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Stock Market & Financial Investment News

News Breaks
January 24, 2014
14:42 EDTTXI, MLM, VMCTexas Industries in talks on sale to Martin Marietta, Bloomberg says
Texas Industries (TXI) is in talks to sell itself to Martin Marietta (MLM), reports Bloomberg, citing people with knowledge of the matter. In December 2011, Martin Marietta attempted a hostile bid for Texas Industries peer, Vulcan Materials (VMC). Following the report, shares of Texas Industries are up 10%, while Martin Marietta shares are up 2.2%, and Vulcan shares are off their worst levels of the session, but still down about 1%. Reference Link
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