Eagle Materials and Heidelberg Materials grant reciprocal put options for JV stake

Eagle Materials and Heidelberg Materials entered into a Put Option Agreement granting reciprocal put options for their 50% interests in the Texas Lehigh joint venture, which manufactures grey cement in Buda, Texas. The purchase price for a 50% interest is $1.1 billion.

“On May 1, 2024, the Company and the TLCC Partners, on the one hand, and HM and HMSC, on the other hand, entered into a Put Option Agreement that provides for the grant of reciprocal put options by the parties with respect to their 50% partnership interests in the Joint Venture.”secwatch.observer

• 1 source
• secwatch.observerEXP 8-K: Eagle Materials grants reciprocal put options to buy 50% JV stake at $1.1B — secwatch.observerMay 3, 2024

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