Lone Star Industries Inc. announced that it...

Lone Star Industries Inc. announced that it has signed an agreement whereby a U.S. arm of Tarmac PLC will acquire the remaining 40% interest in a Tarmac-Lone Star joint venture for $188 million in preferred stock. Tarmac PLC is a major construction and building materials company based in England. The transaction involves Lone Star’s remaining interest in cement, aggregates, concrete and concrete products businesses in Virginia, North Carolina and South Carolina.