Eagle Materials and Heidelberg Materials enter put option agreement for Texas Lehigh Cement joint venture

Eagle Materials Inc. and Heidelberg Materials US, Inc. entered into a Put Option Agreement on May 1, 2024, granting reciprocal put options for their 50% interests in the Texas Lehigh Cement Company LP joint venture, with a purchase price of $1.1 billion.

“the TLCC Partners have granted a put option to HMSC that entitles HMSC to require the TLCC Partners to purchase all of the partnership interests held by HMSC in the Joint Venture in exchange for the payment of an amount equal to 50% of $1,100,000,000.00”moneycontroller.co.uk

• 1 source
• moneycontroller.co.ukEagle Materials Inc.: Material Agreement - Form 8-K - MoneyController (ID 2144907)Eagle Materials Inc.Mar 5, 2024

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