Wednesday, April 4, 2007

UPDATE 2-Cemex approval paves way for next Rinker move

(Reuters) - The U.S. Justice Department said on Wednesday it would require Cemex to sell 39 U.S. facilities if it is successful in a bid for the Australian building materials maker.

Analysts say Cemex will have to increase its offer -- Australia's second-largest takeover bid -- to win over Rinker shareholders, but it had not been expected to make any move until its bid won approval from U.S. authorities.


Read more at Reuters.com Mergers News

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