Shareholders, Feds clear Martin Marietta, TXI merger

Sources: Martin Marietta Materials, Raleigh, N.C.; U.S. Department of Justice Antitrust Division; CP staff

Five months of shareholder guidance and regulatory review appear to have gone according to script for Martin Marietta, which is on track to promptly consummate a merger positioning it as the largest U.S.-based aggregate, cement and ready mixed producer.

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Big Steel gives way to Bigger Aggregate on major Wall Street index

Sources: CP staff; S&P Dow Jones Indices LLC, New York City

Martin Marietta Materials Inc. will gain elevated stature on Wall Street as it absorbs Texas Industries Inc., and switches spots from the Standard & Poors MidCap 400 to S&P 500 Index with one of the 20th century’s corporate icons, United States Steel Corp.—a past cement (Universal Atlas) and aggregate (Presque Isle, Mich., mega-quarry) operator in its own right.

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Hanson UK veteran named to top Aggregate Industries US post

Source: Aggregate Industries US, Bedford, Mass.

Guy Edwards has been appointed Aggregate Industries US chief operating officer, bringing a resume spanning management roles for the United Kingdom operations of Hanson, Tarmac and Aggregate Industries predecessor, Bardon. He will be tasked with strategy implementation and business improvement, and assessing the organization’s structure, efficiency and performance.

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