Pursuits
Texas Industries Said to Explore Sale Amid Building Rebound
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The owners of Texas Industries Inc. are exploring a sale of the Dallas-based building materials company, three people with knowledge of the matter said. The shares jumped the most in 17 months.
The cement company is working with Citigroup Inc. to find a buyer, the people said, asking not to be identified because the information is private. Texas Industries, whose market value was $1.9 billion at today’s close, may draw interest from competitors including Vulcan Materials Co., one person said.