Readymix agrees to Cemex buy-out offer, Ireland

Readymix agrees to Cemex buy-out offer, Ireland
Published: 09 April 2012

Tagged Under: Readymix Ireland Acquisition Cemex 

Shareholders of Irish cement maker Readymix have voted to sell the 38 per cent share of the company not owned by Cemex to the Mexican cement major.

At a meeting to vote on the deal, some 97.56 per cent of shareholders agreed to the 25 cents per share offer which had been increased from 22 cents per share. Readymix will now apply to the High Court to confirm the date for the court hearing to sanction the scheme. It is expected that the court hearing will be held on May 8.

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