Ash Grove seeks anti-trust clearance to increase Eagle stake

Ash Grove seeks anti-trust clearance to increase Eagle stake
Published: 17 October 2008

Eagle Materials Inc said Thursday that Ash Grove Cement Co has filed a notice seeking anti-trust clearance to increase its stake in the company.

Ash Grove notified Eagle Materials that it has a "good faith intention" to purchase in excess of US$63.1m of Eagle common stock, including shares already held, according to a filing with the Securities and Exchange Commission.

Ash Grove previously filed in August that it had acquired about 5% of Eagle’s outstanding shares, for a purchase price of about $53.5m, according to the filing.