Bloomberg: Texas Industries in talks on sale to Martin Marietta

|About: Martin Marietta Materials Inc. (MLM)|By:, SA News Editor

Martin Marietta Materials (MLM -2.9%) is in advanced talks to acquire building materials company Texas Industries (TXI +5.6%), and an agreement could be announced as soon as next week, Bloomberg reports; trading has resumed for both stocks after a brief halt.

TXI's strength in California and its home state would give MLM an entry into the cement market amid a U.S. construction rebound.