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Stock Market & Financial Investment News

News Breaks
March 1, 2014
13:41 EDTCXCEMEX announces conversions of approximately $280M of its convertible notes
CEMEX announced that certain institutional holders of CEMEX’s 4.875% Convertible Subordinated Notes due 2015 are expected to convert approximately $280M aggregate principal amount of the Notes in exchange for an estimated 27.6M American Depositary Shares. CEMEX is not paying any cash to these holders in connection with these conversions. Following the closing of these transactions, approximately $435M aggregate principal amount of the Notes will remain outstanding. The Notes are not callable prior to maturity in March 2015. Fernando A. González, Executive Vice President of Finance and Administration, and CFO of CEMEX, said: “This transaction contributes to the strengthening of our capital structure. It supports our stated objectives of reducing debt and interest costs and reduces our short term contingent refinancing requirements.”
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November 12, 2014
07:52 EDTCXCitigroup to hold a conference
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