Key shareholder presses Eagle to weigh cement, wallboard business split

Sources: Sachem Head Capital Management LP, New York; CP staff

An investment manager holding just under 9 percent of Eagle Materials common stock, Sachem Head LP, is encouraging shareholders to support two director nominees toward the Dallas-based cement, aggregate, concrete and wallboard producer’s early-August annual meeting. Board representation would enable the firm to act on concerns principals have raised over investor confidence in Eagle Materials’ asset mix.

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