RMC Group Shareholders to vote

RMC Group Shareholders to vote
Published: 26 October 2004

Mexican cement maker Cemex SA (CX) said Monday that RMC Group Ltd’s shareholders will vote on its $5.8 billion cash and debt offer on Nov. 17.  Cemex said in a filing with the Mexican Stock Exchange that RMC has given shareholders the details of the acquisition, which the company supports.  Monterrey-based Cemex, the world’s third-largest cement maker behind France’s Lafarge and Switzerland-based Holcim, said it expects the acquisition to close Jan. 12, subject to regulatory approvals. Cemex reached agreement late September to buy RMC for $5.8 billion including debt.