Monday, July 9, 2007

Cemex has 89.76 pct of Rinker, takeover nears end

(Reuters) - Cemex, which becomes the world's biggest building material
company by revenue with the takeover, can oblige minority
Rinker shareholders to sell their remaining shares and delist
the company once it has 90 percent.




Monterrey-based Cemex, which has offered $14 billion for
all Rinker shares, won majority control of Rinker in June and
took over the board of directors.


Read more at Reuters.com Mergers News

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