Lafarge raises buy-out offer again

Lafarge raises buy-out offer again
Published: 24 April 2006

Lafarge has further increased its bid to buy out Lafarge North America Inc.  minority shareholders to US$85.50 a share from US$82 earlier, the world’s biggest cement maker said on Monday.  It is the second time that Lafarge has increased the offer which represents a 33 per cent premium over LNA’s closing share price on Feb. 3, Lafarge said in a statement.  A special committee for Lafarge North America will unanimously recommend minority shareholders accept the higher offer, Lafarge said.