S&P Places Martin Marietta Materials (MLM) on CreditWatch Negative
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Moody's Affirms Martin Marietta Materials (MLM) at 'Ba1'; Taken Off of Review for Downgrade
June 23, 2014 11:51 AM EDTMoody's Investors Service confirmed Martin Marietta Materials Inc.'s (NYSE: MLM) Corporate Family Rating at Ba1 with a stable outlook. The action concludes the review for possible downgrade placed on the ratings January 28, 2014, which was prompted by the announcement of Martin Marietta and Texas Industries, Inc. ("TXI") entering into a definitive merger agreement. Moody's also assigned Ba1 ratings to Martin Marietta's proposed senior unsecured notes. Martin Marietta's Corporate Family Rating and senior unsecured ratings are Ba1, Probability of Default Rating is Ba1-PD, Speculative Grade Liquidity assessment is SGL-2 and commercial paper... More
Martin Marietta (MLM) to Enter Agreement with DOJ to Resolve Issues Related to Texas Industries (TXI) Acqusition
June 23, 2014 8:27 AM EDTMartin Marietta Materials, Inc. (NYSE: MLM) today announced that it expects to enter into an agreement with the U.S. Department of Justice (DOJ) that will resolve all competition issues with respect to Martin Mariettas proposed acquisition of Texas Industries, Inc. (TXI) (NYSE:... More
