Third Point sells shares of Martin Marietta Materials, maintains 4.5% stake

By Lisa Kerner

Charlotte, N.C., May 9 - Martin Marietta Materials, Inc. investor Third Point LLC sold 977,100 shares of the company's stock between March 13 and May 9 priced from $123.78 to $149.96 per share.

The investor beneficially owns 1,985,000 shares, or 4.5%, of the Raleigh, N.C., construction products company, according to a schedule 13D filing with the Securities and Exchange Commission.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.