CEMENTING A FULL & FAIR OFFER FOR RINKER
In a step 
to fund the takeover of Rinker Group Ltd., the Mexican cement maker, Cemex SA is looking to raise $9 billion as loan. Globally the third largest cement manufacturer, Cemex has chosen Citigroup Inc. & Royal Bank of Scotland to make arrangements for the loan. Cemex had made an offer worth $11.7 billion in late October 2006, to acquire Rinker – Australia’s largest maker of building materials. The deal (which would make Cemex the world’s biggest cement maker) was however rejected by Rinker as the bid was low by 36%. However, after gaining shareholders support, Cemex is calling its offer “full and fair.”
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Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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to fund the takeover of Rinker Group Ltd., the Mexican cement maker, Cemex SA is looking to raise $9 billion as loan. Globally the third largest cement manufacturer, Cemex has chosen Citigroup Inc. & Royal Bank of Scotland to make arrangements for the loan. Cemex had made an offer worth $11.7 billion in late October 2006, to acquire Rinker – Australia’s largest maker of building materials. The deal (which would make Cemex the world’s biggest cement maker) was however rejected by Rinker as the bid was low by 36%. However, after gaining shareholders support, Cemex is calling its offer “full and fair.”For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
Also Read:-
INDO-AFGHAN TIES
IIPM Students Life > Campus Placement
About IIPM > Mission
http://pankajsir.42tales.com/
Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links.
- Hindustan Times Article - Publisher goes underground
- Rashmi Bansal (Editor of JAMMAG)
- Rashmi Bansal (Publisher of JAMMAG)
posted by IIPM @ 12:55 AM
1 Comments:
At 9:44 AM,
Jeremy Nichols said…
CEMEX just got fined over a million dollars by the state of Colorado for violations of air pollution laws at its Lyons cement plant. The fine is a slap on the wrist in light of the anguish and anxiety the cement plant has caused for the local community.
http://rmcleanair.blogspot.com/2006/12/cemex-poisons-local-community-gets.html
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