Sunday, May 6, 2007

UPDATE 1-Key Rinker shareholder says to accept Cemex offer

(Reuters) - Perpetual, which holds around 10.5 percent of Rinker shares -- enough to block the offer before the conditions were changed -- said on Monday it planned to accept the amended offer "as soon as practicable."

Cemex, the world's No. 3 cement maker, extended its bid for a fifth time to June 8 and said it would waive a 90 percent acceptance condition if it held more than 50 percent of the Australian building materials maker by that date.


Read more at Reuters.com Mergers News

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