St Lawrence suitor Holcim mails takeover bid
Holcim Group is mailing to shareholders of St Lawrence Cement Group Inc. (SLC) its offers and takeover bid circular dated May 29, 2007, and related documents, in connection with Holcim’s previously announced offer to purchase all outstanding Class A subordinate voting shares that Holcim does not already own at a cash price of $40.25 per Class A share and all outstanding Class 1 special shares at a cash price of $40.25 per Class 1 share.
Also being mailed to SLC shareholders is the directors’ circular prepared by SLC’s board of directors. With the directors who are also directors or officers of Holcim or its affiliates abstaining, the board of directors has recommended that shareholders accept the offers.
The offers are open for acceptance until 5pm (Montreal time), on July 4, 2007.
Published under Cement News
