Martin Marietta, TXI to take merger proposal to shareholders at month’s end

Sources: Martin Marietta Materials, Raleigh, N.C.; CP staff

Martin Marietta and Texas Industries have scheduled special shareholders meetings the morning of June 30 to consummate a merger agreement their boards unanimously approved in January. In Dallas, TXI shareholders will vote on a merger proposal netting .70 share of newly issued Martin Marietta stock for each TXI share. An hour later in North Carolina, Martin Marietta will seek approval to issue the additional shares.

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