Cement News tagged under: Cemex Espana
Cemex Espana increases offer for Readymix, Ireland07 February 2012, Published under Cement NewsThe Spanish unit of Cemex has increased its takeover bid for Readymix of Ireland by 13.6 per cent from EUR0.22/share to EUR0.25/share, the target company said in a statement on Monday. Cemex, which already owns 60 per cent of the Irish business, made the “possible offer” to buy the remaining 40 per cent of Readymix shares that it does not own last month through a Spanish subsidiary. A statement yesterday added that the committee has told Cemex that it would recommend the offer to share... |
Readymix considers Cemex Espana offer03 February 2012, Published under Cement NewsA sub-committee of the board of Readymix is considering Cemex’s EUR9.5m offer to by the outstanding 40 per cent of the company it does not own via its Spanish subsidiary. The Irish Times reports that Readymix chairman Adrian Auer and independent director Donal O’Connor are considering the approach and working on a response. Readymix yesterday said that it expected total losses for 2011 to reach €54m. |
Cemex in talks with Ireland’s Readymix for buyout20 January 2012, Published under Cement NewsReadymix plc announced it had begun talks with Cemex Espana which has expressed interest in taking full control of the company. In a statement, Readymix said it had been informed by Cemex Espana’s Readymix Investments that it would be ready to make a EUR0.22/share cash offer to buy the shares not already owned by the Cemex Group. Readymix noted that Cemex’s approach was preliminary and a formal bid was not certain to emerge. Readymix has been been facing difficult trading conditions... |