NEW YORK, Jan. 28, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Texas Industries Inc. ("Texas Industries" or the "Company") (NYSE: TXI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Martin Marietta in a stock deal valued at approximately $2.7 billion. Under the terms of the proposed transaction, Texas Industries stockholders will receive 0.7 Martin Marietta share for each share of Texas Industries common stock they own.
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The investigation focuses on whether Texas Industries Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Texas Industries shareholders.
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If you own common stock in Texas Industries and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TXI or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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