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Martin Marietta could acquire Texas Industries

Posted By Amanda Bayhi On January 27, 2014 @ 5:56 pm In Aggbeat Online,News | No Comments

martin-marietta-materials-inc-logo [1]Martin Marietta Materials may soon acquire construction supplies company Texas Industries.

Martin Marietta is in late-stage talks to acquire the company, according to a report Friday from the New York Times [2].

This is not the first time Martin Marietta and Texas Industries have considered an acquisition. The two companies discussed a sale last year but never went forward with a transaction. However, talks recently restarted, and the report notes that this could be an all-stock deal.

The Times reports that a deal could be announced early this week, though it is not too soon for the deal to fall apart.

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[1] Image: http://www.aggman.com/files/2013/08/martin-marietta-materials-inc-logo.gif

[2] according to a report Friday from the New York Times: http://dealbook.nytimes.com/2014/01/24/martin-marietta-materials-in-merger-talks-with-texas-industries/?_php=true&_type=blogs&_r=0

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