Cemex, the world’s third-largest cement company, is moving to a compulsory acquisition of outstanding shares after gaining more than 90 per cent of Rinker’s issued capital via its US$14.25bn.
Cemex launched its bid for Rinker last October, saying it wanted to expand its presence in the United States, where it is already the biggest supplier of cement. Rinker earns about 80 per cent of its income in the US.
