June 27, 2014
Martin Marietta President and CEO Ward Nye and Texas Industries Executive Vice President and CFO Anne Lloyd announced the acquisition in January.
The DOJ has approved the $2.7 billion purchase of the cement company, outlining terms that resolve competition issues, the Dallas Business Journal reports.
Terms include a requirement that Martin Marietta sell assets including its North Troy aggregates quarry in Mill Creek, Okla., and two rail yards in Dallas and Frisco, Texas.
A MarketWatch report notes that the two companies will each hold shareholder meetings on Monday. The deal is expected to close shortly after shareholders approve.