Brief: Eagle Materials, On May 1, Entered Into A Put Option Agreement With TLCC Partners, HM, HMSC

Eagle Materials

03/05/2024 22:48

May 3 (Reuters) - Eagle Materials Inc  EXP.N :
    * EAGLE MATERIALS INC: ON MAY 1, CO, TLCC PARTNERS, HM, HMSC
ENTERED INTO A PUT OPTION AGREEMENT
    * EAGLE MATERIALS INC: UNDER AGREEMENT, TLCC PARTNERS
GRANTED PUT
OPTION TO HMSC
    * EAGLE MATERIALS: PUT OPTION ENTITLES HMSC TO REQUIRE TLCC
PARTNERS TO PURCHASE ALL PARTNERSHIP INTERESTS HELD BY HMSC IN
JV
    * EAGLE MATERIALS: UNDER PUT OPTION,TLCC PARTNERS TO BUY ALL
PARTNERSHIP INTERESTS OF HMSC IN JV FOR PAYMENT OF AMOUNT EQUAL
TO 50% OF $1.10 BILLION

Source text for Eikon:  ID:n0001193125-24-130864 
Further company coverage:  EXP.N 

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