News Column

Texas Industries Company Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by Martin Marietta

January 28, 2014

DALLAS --(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Texas Industries, Inc. (“ Texas Industries”) (NYSE: TXI) related to the acquisition by Martin Marietta Materials, Inc. for shareholders. Under the terms of the transaction valued at approximately $2.7 billion , Texas Industries shareholders will only receive 0.700 shares of Martin Marietta Materials, Inc. stock for each share of Texas Industries owned. Based on the closing stock price for Martin Marietta on January 27, 2014 , this equates to about $71.95 , well below at least one analyst’s estimated value of $80.00 per share. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC , (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com , or Zach Groover at Powers Taylor LLP , toll free (877) 728-9607, via e-mail at shareholder@powerstaylor.com . There is no cost or fee to you. The Texas Industries investigation centers on whether Texas Industries’ Board of Directors is acting in the shareholders’ best interests, whether the board is properly considering the proposed price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance estimates that the true inherent value of Texas Industries stock could be as high as $80 per share. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions. The Briscoe Law Firm, PLLC Willie Briscoe , 214-239-4568 WBriscoe@TheBriscoeLawFirm.com or Powers Taylor LLP Zach Groover , 877-728-9607 shareholder@powerstaylor.com Source: Powers Taylor LLP


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Source: Business Wire


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