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TXI to spin off Chaparral Steel.

Publication: Metal Center News
Publication Date: 01-JAN-05
Format: Online - approximately 235 words
Delivery: Immediate Online Access
Full Article Title: TXI to spin off Chaparral Steel.(Metal Industry News)(Texas Industries Inc.)(Brief Article)

Article Excerpt
To facilitate the strategic objectives of two companies in unrelated sectors, the board of Texas Industries Inc., Dallas, plans to spin off its wholly owned Chaparral Steel Co. as a stand-alone business. The spin-off will take the form of a tax-free stock dividend to TXI shareholders.

Chaparral, with mills...

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