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Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Proposed Merger of Texas Industries, Inc. with Martin Marietta Materials, Inc.SAN DIEGO --(Business Wire)-- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating possible fiduciary duty breaches by the board of directors of Texas Industries, Inc. (NYSE: TXI) in connection with its proposed merger with Martin Marietta Materials, Inc. (NYSE: MLM). If you are a Texas Industries shareholder and would like additional information concerning your legal rights, or have information regarding this investigation, please contact lead analyst Jim Baker by email at [email protected] or by telephone at (619) 230-0063. There is no cost or obligation to you. Additional Information about the Proposed Transaction On January 28, 2014, Texas Industries and Martin Marietta announced that they had entered into a merger agreement under which Martin Marietta will acquire Texas Industries in an all-stock transaction valued at approximately $2.7 illion. If the deal goes through, Texas Industries shareholders will receive 0.70 shares of Martin Marietta stock for each of their shares of Texas Industries stock. Based on Martin Marietta's closing price on January 27, 2014, the deal is worth $71.95 per share to Texas Industries shareholders. Following the close of the deal, which is expected in the second quarter of this year, Martin Marietta shareholders will own 69 percent of the combined company, and Texas Industries' shareholders will have 31 percent. Johnson & Weaver, a nationally recognized shareholder rights firm, has commenced this investigation to determine whether Texas Industries' directors satisfied their duties to shareholders, including whether the board adequately pursued alternatives to the transaction and whether the board obtained the best price possible for the Company's common stock. In particular, the $71.95 per share deal value is well below the Company's 52-week high. In addition, at least one industry analyst has established an $80.00 per share target on the stock. Information about Johnson & Weaver Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
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