DALLAS, Jan. 30 /PRNewswire-FirstCall/ -- Centex Construction Products
Inc. (NYSE: CXP) announced today that Centex Corporation (NYSE: CTX) completed
the distribution to its stockholders, on a tax-free basis, of all of the
shares of common stock of CXP held by Centex. In connection with the
distribution, CXP reclassified a portion of the shares of common stock held by
Centex Corporation into a new Class B Common Stock having the right to elect
at least 85% of the directors of CXP. Centex today distributed to its
stockholders all of the shares of Class B Common Stock and the remaining
shares of Common Stock held by Centex.
As a result of this distribution, CXP is no longer affiliated with Centex
Corporation. In addition, CXP has changed its name to Eagle Materials Inc.
and effective February 2, 2004, its existing class of common stock will trade
on the New York Stock Exchange under the symbol "EXP" and its new Class B
Common Stock will trade under the symbol "EXP.B".
CXP is a Dallas-based company that manufactures and distributes cement,
gypsum wallboard, recycled paperboard and concrete and aggregates.
Forward-Looking Statements. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified
by the context of the statement and generally arise when Centex Construction
Products is discussing its beliefs, estimates or expectations. These
statements are not guarantees of future performance and involve a number of
risks and uncertainties. Actual results and outcomes may differ materially
from what is expressed or forecast in such forward-looking statements.
SOURCE Eagle Materials Inc.
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Related links:
http://www.centex-cxp.com
CONTACT:
Steven R. Rowley, President and Chief
Executive Officer, or Arthur R. Zunker, Jr., Senior Vice
President and Chief Financial Officer, both of Eagle Materials
Inc., +1-214-981-5000
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