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Texas Industries Inc. (TXI)



INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Texas Industries Inc. (TXI) Over the Proposed Sale of the Company to Martin Marietta Materials Inc. (MLM)

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Texas Industries Inc. (“Texas Industries” or the “Company”) (NYSE: TXI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Martin Marietta in a stock deal valued at approximately $2.7 billion.  Under the terms of the proposed transaction, Texas Industries stockholders will receive 0.7 Martin Marietta share for each share of Texas Industries common stock they own.

The investigation focuses on whether Texas Industries Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Texas Industries shareholders. 

If you own common stock in Texas Industries and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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  • Company:
    Texas Industries Inc. (TXI)

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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 01/28/2014

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