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Phillips v. Texas Industries Inc et al
Case Number:
3:14-cv-00740
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 30, 2015
Texas Industries' Settlement In $2.7B Merger Row Gets OK
A Texas federal judge on Friday preliminarily approved a settlement in an investor class action alleging Texas Industries Inc.'s $2.7 billion sale to Martin Marietta Materials Inc. undervalued the Texas cement maker while lining board members' pockets.
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February 26, 2014
Texas Industries Investors Say $2.7B Sale Price Is Too Low
A Texas Industries Inc. shareholder launched a putative class action in Texas federal court Tuesday, alleging that a deal to sell the cement maker to Martin Marietta Materials Inc. for $2.7 billion significantly undervalues the company while lining board members' pockets.