TXI Completes spin-Off of Chaparral Steel

TXI Completes spin-Off of Chaparral Steel
Published: 01 August 2005

Texas Industries, Inc. today announced the completion of the separation of its steel operations from TXI through a pro-rata tax-free dividend of all the common stock of Chaparral Steel Company to TXI shareholders. Common shares of Chaparral Steel Company will trade on the NASDAQ stock exchange. TXI is the largest producer of cement in Texas and a major cement producer in California. TXI is also a major supplier of construction aggregates, ready-mix concrete and concrete products.