BUZZ-Martin Marietta falls on report of $13.5 billion merger with Lhoist North America

Martin Marietta Materials, Inc.

Martin Marietta Materials, Inc.

MLM

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** Shares of building material supplier Martin Marietta Materials MLM.N down more than 3% at $596.5 premarket

** Co to merge with limestone supplier Lhoist North America in a deal worth $13.5 billion, including debt, the Wall Street Journal reports, citing people familiar with the matter

** Lhoist's Berghmans family is expected to own roughly 15% of Martin Marietta upon the deal’s close, the report added

** Martin Marietta and Lhoist did not immediately respond to Reuters requests for comment

** Median PT of 25 brokerages covering the stock is $700 - data compiled by LSEG

** As of last close, MLM down 1% YTD


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