Cemex Buyout of Rinker Gains Shareholder Approval - ENR | McGraw-Hill Construction
Keywords: costs, construction industry, legislation, engineering news-record, ENR, news articles, equipment & materials, construction methods
Full Article Price:
$4.95
Delivery: Immediate Online Access
Publication Date: 10-JUN-07
Format: XML document
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Article Description| Cemex’s bid to acquire Australian rival Rinker Group Ltd. gained 50.3% shareholder approval on June 7, creating the world's largest building materials supplier. The Mexican cement giant’s $14.25-bilion purchase of Rinker equals a purchase price of $15.85 per share. The deal raises Cemex’s annual revenue by 27% to $23.2-billion, with a ... |
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