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ENR > Finance > Cemex Buyout of Rinker Gains Shareholder Approval - ENR | McGraw-Hill Construction
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| 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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