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Thursday, June 26, 2014

BRIEF-U.S. to clear Martin Marietta Materials acquisition of Texas Industries, with divestitures, (NYSE: MLM)

* U.S. says to require Martin Marietta Materials Inc to divest a quarry and two rail yards to proceed with acquisition of Texas Industries Inc* U.S. says has filed a civil antitrust lawsuit, as well as a proposedsettlement that if approved by the court will resolve its antitrust concerns * U.S. says state of Texas joined in the lawsuit * U.S. says without the divesting of the Oklahoma quarry and two Texas railyards, the $2.7 billion Texas indusries acquisition would likely have raised

Martin Marietta Materials, Inc., is the producer of aggregates products (crushed stone, sand, and gravel) for the construction industry, including infrastructure, nonresidential, residential, railroad ballast, agricultural, and chemical grade stone used in environmental applications. Shares of MLM fell by 0.95% or $-1.25/share to $129.68. In the past year, the shares have traded as low as $94.01 and as high as $136.36. On average, 653905 shares of MLM exchange hands on a given day and today's volume is recorded at 161561.