Cemex, the world’s third biggest cement maker, launched a US$15.85 (A$19.34) a share takeover bid for Rinker last year, valuing the Australian building materials maker at US$14bn.
The offer, which was declared unconditional on June 7, was due to expire last month, but was extended by Cemex until July 16.
Cemex said today it had gained a 85.53 per cent stake in Rinker, or 765,577,859 shares in the company, up from 83.83 per cent at the previous update.