Lafarge North America hires Merrill to advise on buyout

Lafarge North America hires Merrill to advise on buyout
Published: 15 February 2006

Lafarge North America Inc. on Tuesday said its board hired Merrill Lynch & Co. to help review the proposed tender offer from France’s Lafarge SA.  On February 6, Lafarge S.A. said it planned to buy the 46.8 percent stake of the North American company it did not already own. It also said it would offer minority shareholders US$75 in cash for each Lafarge North America share, representing a premium over the stock’s price at that time.  Simpson Thatcher & Bartlett LLP and Venable LLP were hired for legal advice by Lafarge North America. In addition, MacKenzie Partners, Inc. was brought in to deal with shareholder matters relating to the proposal.