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Shamrock Activist Value Fund Says Fourth-Quarter Loss at Texas Industries, Inc. Demonstrates Need for Change.

Publication: Mining & Minerals Business
Publication Date: 31-JUL-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Shamrock Activist Value Fund, L.P., which last month launched a bid for three seats on the Board of Directors of Texas Industries, Inc. (NYSE:TXI), said that the cement maker's disappointing fourth-quarter and full year May 31, 2009 results validate the need for change at the company.

"TXI's quarterly loss demonstrates the need for new directors committed to providing the necessary oversight and holding management accountable for poor performance," said Dennis A. Johnson of the Shamrock Activist Value Fund. "That is why we are nominating three new directors for election to the board at the 2009 annual meeting of shareholders. As a major shareholder of the company, we believe...

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