WILMINGTON, Del., March 4, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Texas Industries, Inc. (NYSE:
TXI)?
- Did you purchase any of your shares prior to January 28, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Texas
Industries, Inc. ("TXI" or the "Company") (NYSE: TXI) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Martin Marietta Materials, Inc. ("MLM") (NYSE: MLM) in a
transaction valued at approximately $2.7
billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/texas-industries-inc-txi.
Under the terms of the agreement, public shareholders of TXI
will receive 0.700 shares of MLM common stock for each share of TXI
they own. Based on MLM's closing stock price on January 27, 2014, TXI shareholders would have
received consideration valued at approximately $71.95 per share.
The investigation concerns whether TXI's board of directors
failed to adequately shop the Company and obtain the best possible
value for TXI's shareholders before entering into an agreement with
MLM. According to Yahoo! Finance, at least one analyst has
issued a price target for TXI stock at $80.00 per share.
If you own the common stock of TXI and purchased your shares
before January 27, 2014, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/texas-industries-inc-txi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.