Thursday, May 31, 2007

Cemex increases stake in Australia's Rinker

(Reuters) - Shares held under an institutional acceptance facility,
which allows institutions to withdraw their acceptances, rose
to 11.27 percent from 10.49 percent, giving a total interest of
39.42 percent from 37.39 percent previously.




Cemex has extended the deadline for its offer to June 22
from June 8. Last month it lowered the level of acceptances
needed for a successful bid from 90 percent to 50 percent.


Read more at Reuters.com Mergers News

No comments: