(Reuters) - The $14 billion Rinker takeover, the biggest ever by a
Mexican company, will consolidate Cemex's position as the
world's biggest building material company by revenue.
Monterrey-based Cemex declared its offer unconditional on
June 7 after gaining more than 50 percent of shareholder
acceptances, enough to give it majority control of Rinker. In
May it had lowered the number of acceptances it required to 50
percent from an original 90 percent in order to push through
the bid.
Read more at Reuters.com Mergers News
Mexican company, will consolidate Cemex's position as the
world's biggest building material company by revenue.
Monterrey-based Cemex declared its offer unconditional on
June 7 after gaining more than 50 percent of shareholder
acceptances, enough to give it majority control of Rinker. In
May it had lowered the number of acceptances it required to 50
percent from an original 90 percent in order to push through
the bid.
Read more at Reuters.com Mergers News
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