Texas Industries (TXI) says it's entered into an agreement to exchange its expanded shale and...

|About: Texas Industries (TXI)|By:, SA News Editor

Texas Industries (TXI) says it's entered into an agreement to exchange its expanded shale and clay aggregates manufacturing business for the ready-mix concrete business of subsidiaries of Trinity Industries (TRN) in east Texas and southwest Arkansas. The transaction is expected to close before year-end. TXI +1.2%, TRN -0.2% AH.