April 24, 2014 – Martin Marietta Materials Inc. said it has received a "second request" as discussions with the Department of Justice continue regarding a resolution in relation to its Hart-Scott-Rodino Antitrust Improvement Act filing in the proposed combination with Texas Industries Inc. "The company is hopeful a resolution will be reached that does not involve either the company's or TXI's Texas-based quarries serving the Dallas/Fort Worth, metroplex, and that provides benefit to both our customers and our business," Martin Marietta said in a release. While the company is not in a position to publicly respond to any specific possible resolution, it believes any HSR issues will not be material. Further, the company's views as to the DOJ resolution remain the same as they were when the transaction was first announced and it remains confident the transaction will proceed on the original timetable with an expected close this summer.
Update on the Mega Merger
- Written by Rock Products News