Texas Industries shareholder cuts stake to 9.5%

By Lisa Kerner

Charlotte, N.C., Dec. 22 - Investors led by Southeastern Asset Management, Inc. sold 791,037 shares of Texas Industries, Inc., reducing their ownership interest to 9.5%.

According to a schedule 13D filed with the Securities and Exchange Commission, the shares were sold between Dec. 8 and Dec. 19 at prices from $34.93 to $36.67 each.

Southeastern beneficially owns 2,620,280 shares of the Dallas-based cement company.

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