This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wolf Haldenstein Announces Investigation Of The Acquisition Of Texas Industries, Inc.

Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”), a leading securities law firm, announces that it is investigating the acquisition of Texas Industries, Inc. (“TXI” or “the Company”) (NYSE:TXI). The Company recently announced that it has entered into a definitive merger agreement to be acquired by Martin Marietta Materials, Inc. (“MLM”) (NYSE:MLM). Wolf Haldenstein’s investigation concerns potential legal claims against the Board of Directors of TXI for possible breaches of fiduciary duties and other violations of law related to the Company’s entry into this merger agreement. A lawsuit has been filed in the United States District Court for the Northern District of Texas.

The terms of the deal call for TXI shareholders to receive .7 MLM shares against every TXI share they own. Based on the closing price of MLM stock on January 27, 2014, this represents a value of approximately $71.95 per share, giving the entire transaction a total approximate value of $2.7 billion. Wolf Haldenstein is investigating whether or not the TXI Board of Directors acted in the Company’s shareholders’ best interests by adequately shopping the Company to get the best possible value. The $71.95 per share price that the merger agreement with MLM represents is significantly less than, for example, the price target for TXI stock of $80.00 per share set by at least one analyst on Bloomberg.

Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website ( http://www.whafh.com) for more information about the firm. For further information on this matter please click here.

If you are a shareholder of Texas Industries, Inc. and would like additional information as to how the acquisition may affect your rights as a shareholder, please contact us at:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs