DOJ Rules Martin Marietta Must Divest
- Published: Friday, 27 June 2014 11:02
- Written by Rock Products News
June 27, 2014 – The Department of Justice has spoken. I'm not sure they know what they are talking about, but they HAVE spoken. Martin Marietta Materials must divest an Oklahoma quarry and two Texas rail yards in order to proceed with its proposed $2.7 billion acquisition of Texas Industries, according to the agency. Without the divestiture, the proposed acquisition was "likely to result in higher prices for purchasers of aggregate in parts of the Dallas metropolitan area," the DOJ said. Probably not, but it seems to be a small price to pay to get the deal done.