Buzzi rules out higher share offer

Buzzi rules out higher share offer
Published: 22 December 2006

Italian cement company Buzzi Unicem SpA says holders of the 5.1% of Dyckerhoff AG  shares that it doesn’t already control must accept its cash offer, "or the train will depart", according to local press reports quoting chief executive Pietro Buzzi. 
 
Buzzi ruled out another higher bid for the buyout of Dyckerhoff minority shareholders. Last month, Buzzi raised its offer to EUR42 per ordinary share and EUR40 per preferred share, from a previous offer of EUR40 and EUR37.5 respectively.