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Stock impact report

Eagle Materials says board approves plan to spilt core businesses [Reuters]

Eagle Materials Inc (EXP) 
Last eagle materials inc earnings: 2/4 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.eaglematerials.com/investor-relations
Company Research Source: Reuters
Eagle Materials says board approves plan to spilt core businesses May 30 (Reuters) - Eagle Materials Inc said on Thursday its board has approved a plan to separate its heavy materials and light materials businesses into two publicly traded companies, bowing to pressure from New York-based hedge fund Sachem Head Capital Management. Earlier this month, Sachem, which disclosed a 9 percent stake in Eagle Materials in March, urged the company to separate its cement and wallboard businesses. Eagle Materials also said it is actively pursuing alternatives for its oil and gas proppants business. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel) Our Standards: The Thomson Reuters Trust Principles. Show less Read more
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