News Column

Finkelstein Thompson LLP Investigates Potentially Unfair Buyout of Texas Industries, Inc.

January 28, 2014

WASHINGTON --(BUSINESS WIRE)-- The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Texas Industries, Inc. (NYSE: TXI) (“Texas Industries” or “the Company”), concerning the Company’s proposed acquisition by Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta”). Under the terms of the proposal, Texas Industries shareholders will receive 0.7 shares of Martin Marietta common stock for each share of Texas Industries they own. This represents a consideration of $71.95 based on Martin Marietta’s closing price of $102.78 on Monday, January 27, 2014 . At least one analyst has set a target price of $80.00 for Texas Industries shares. The entire transaction is valued at approximately $2.7 billion . The investigation is focused on whether Texas Industries’ Board of Directors breached its fiduciary duty in failing to maximize consideration to shareholders, the potential unfairness of the consideration to shareholders, the process by which the Board considered the transaction, and potential conflicts of interest among the Company’s Board members. If you are interested in discussing your rights as a Texas Industries shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (877) 337-1050 or (202) 337-8000, or by email at contact@finkelsteinthompson.com . Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP , please visit our website at www.finkelsteinthompson.com . Attorney advertising. Prior results do not guarantee similar outcomes. Finkelstein Thompson LLP Rosalee B. C. Thomas 877-337-1050 Source: Finkelstein Thompson LLP


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools