Cement News tagged under: Acquisition
Martin Marietta continues pursuit of Vulcan26 January 2012, Published under Cement NewsMartin Marietta Materials Inc, which began a hostile takeover of Vulcan Materials in December, released a list of five people it is pushing for election on Vulcan Materials' board of directors at Vulcan's annual meeting. North Carolina-based Martin Marietta filed a proxy statement with the Securities and Exchange Commission on Tuesday in connection with the proposal. It said in the statement it believes Vulcan's current board is not acting in the company's best interest.. "Vulcan refus... |
Siam Cement closing in on Vietnam acquisition26 January 2012, Published under Cement NewsThailand’s Siam Cement said on Wednesday it was interested in buying a stake in a Vietnam cement maker and expects to spend less than THB10bn (US$315m) on the acquisition, Reuters reports. Siam Cement, which has recently noted that it is seeking acquisition opportunities in Southeast Asia, expects to conclude details about the deal in the second half of this year, according to Chief Executive Kan Trakulhoon. Earlier this week the company also said it is looking at opportunities in Myanm... |
Tongli Cement acquisition, China19 January 2012, Published under Cement NewsHenan Tongli Cement plans to acquire 100 per cent of Yima Coal Industry (Group) Cement Co Ltd from its majority shareholder Yima Coal Industry (Group), Sinocast reports. In view of the fact that the target company’s net assets are estimated to be negative CNY15.68m, the equity transfer price is CNY1. However, because the cement company is heavily in debt, Tongli Cement will provide CNY440m entrusted loans before the equity transfer and inject an additional CNY300m after the acquisition. Yi... |