SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Texas Industries, Inc.
31 Enero 2014 - 2:38PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Texas Industries, Inc. (“Texas Industries” or the “Company”)
(NYSE:TXI) relating to the acquisition by Martin Marietta
Materials, Inc. (“MLM”).
Click here to learn more about the investigation
http://brodsky-smith.com/714-txi-texas-industries-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Texas Industries
shareholders will receive only 0.7 shares of MLM stock for each
share of Texas Industries stock they own. The transaction values
Texas Industries stock at approximately $71.95 per share. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Texas
Industries for not acting in the Company’s shareholders’ best
interests in connection with the sale process. The transaction may
undervalue the Company and will result in a loss or no gain for
many Texas Industries shareholders. Texas Industries stock traded
above the sale price at $75.06 per share as recently as January 24,
2014 and traded at $74.68 on May 17, 2013. In addition, an analyst
has set a $80.00 per share price target on Texas Industries
stock.
If you own shares of Texas Industries common stock and wish to
discuss the legal ramifications of the proposed transaction, or
have any questions, you may e-mail or call the law office of
Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/714-txi-texas-industries-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquireinvestorrelations@brodsky-smith.comhttp://brodsky-smith.com/714-txi-texas-industries-inc.html877-LEGAL-90
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