Zeev's Turnips Patch-No Politics (ZEEV)

[Taxmantoo]

Yup, sure looks like RMX has declared a $1.32 liquidating dividend. I surely wouldn't be holding it at $2.



ITEM 8.01 - OTHER EVENTS
On June 30, 2010, RMX Holdings, Inc. (the "Company") issued a press release which announced that the Company has appointed a Special Committee of independent directors to review and evaluate any acquisition proposal received from the Company's controlling shareholder, Meadow Valley Parent Corp., a Delaware corporation ("MVP") and to consider the Company's other alternatives. The Special Committee was formed in response to a Schedule 13D/A filed by MVP on May 12, 2010, which disclosed that MVP, by letter to the Company's board of directors, encouraged the Company's board to (i) promptly declare a special cash distribution in the amount of $5,000,000 and (ii) undertake immediate action to conduct a 1 for 2,645,212 reverse stock split of its issued and outstanding shares of Common Stock (the "Proposed Transaction"). As described by MVP, if successful, completion of the Proposed Transaction would, among other things,

(i) cause MVP to become the sole stockholder of the Company,
(ii) cause the delisting of our Common Stock from the NYSE Amex LLC (to the extent such delisting has not already occurred) and
(iii) cause our Common Stock to become eligible for termination of registration pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.