AcquisitionsJun 29, 2026, 05:32 PM
Martin Marietta Acquires Lhoist North America for $13.5B
AI Summary
Martin Marietta Materials, Inc. has entered into a definitive agreement to acquire Lhoist North America, Inc. for $13.5 billion. The acquisition, announced on June 27, 2026, will be paid with $7 billion in cash and $6.5 billion in newly-issued Martin Marietta common stock. Lhoist North America is a producer and distributor of lime, dolomitic lime, limestone-based industrial minerals, and aggregates in North America. Post-acquisition, LNA Holding will own approximately 15% of Martin Marietta and gain board representation rights. The deal is subject to regulatory approvals, with a potential $350 million termination fee for Martin Marietta if regulatory clearances fail.
Key Highlights
- Martin Marietta to acquire Lhoist North America, Inc. for $13.5 billion.
- Consideration includes $7 billion in cash and $6.5 billion in Martin Marietta common stock.
- 10,953,543 newly-issued shares of Martin Marietta common stock will be issued.
- LNA Holding will hold approximately 15% of Martin Marietta's outstanding common stock post-closing.
- LNA Holding will have the right to designate one director and one non-voting observer to the Board.
- Martin Marietta may pay a $350 million termination fee if regulatory clearances fail.
- Transaction is subject to regulatory approvals, including HSR, with a Long Stop Date of October 31, 2026.
Price Impact
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