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

Martin Marietta Materials

29/06/2026 11:57

** 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

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))