Eagle Materials Inc. EXP (the Company) today announced the
commencement of an underwritten public offering of 3,000,000 shares of its
common stock. The Company will grant to the underwriters a 30-day option to
purchase up to an additional 450,000 shares of its common stock to cover
overallotments, if any. The Company intends to use the net proceeds from this
offering, together with borrowings under its bank credit facility, to fund its
previously announced and pending acquisition of certain assets from Lafarge
North America Inc. and certain of its subsidiaries. The Company expects to
close such acquisition in November or December 2012, subject to customary
closing conditions.
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