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NNS ups stake in Texas Industries to 14.90%
By Lisa Kerner
Charlotte, N.C., July 18 - Texas Industries Inc. investors led by NNS Holding reported beneficial ownership of 4,073,939 shares, or 14.90%, of the company's stock after a series of option maturities and stock transactions.
NNS acquired 3,419,283 shares of Texas Industries stock between March 1 and July 18, priced from $47.70 to $87.44 per share, according to a schedule 13D filing with the Securities and Exchange Commission.
On March 1, NNS and its director Nassef Sawiris reported owning 1,141,100 shares, or 4.75%, of the Dallas-based cement company's stock.
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