It said it will offer US$75 per share for the 35.3m shares. Counting options currently in circulation, the transaction’s total value could reach US$3bn.
The offer price represents a 16.7 per cent premium over Friday’s closing price of Lafarge North America.
The offer will be launched in about two weeks. Shares of Lafarge Canada, a unit of Lafarge North America, will also be included.
Lafarge CEO Bruno Lafont said the move will let the company speed decision making and pursue its North American development with greater efficiency.
