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Stock Market & Financial Investment News

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April 7, 2014
05:42 EDTVMC, LFRGY, EXP, MLM, TXI, CXHolcim, Lafarge confirm intention to combine via merger of equals
Holcim and Lafarge (LFRGY) announced their intention to combine the two companies through a merger of equals, approved by their respective boards and fully supported by the core shareholders of both companies. LafargeHolcim would be listed on the SIX in Zurich and Euronext Paris. Bernard Fontana, Holcim CEO will remain in charge of Holcim until completion of the transaction. He will co-chair the integration committee. The proposed combination would be structured as a public offer filed by Holcim for all outstanding shares of Lafarge on the basis of a 1 for 1 exchange ratio with an agreement to have equal dividends on a per share basis between announcement and completion. Completion is expected by the end of first half of 2015 subject to obtaining regulatory approvals. Both companies combined sales amount to c. CHF 39B / EUR 32B and Ebitda to c. CHFB / EUR 6.5B. Names in the cement space include CEMEX (CX), Martin Marietta (MLM), Vulcan Materials (VMC), Texas Industries (TXI) and Eagle Materials (EXP).
News For LFRGY;CX;MLM;VMC;TXI;EXP From The Last 14 Days
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May 27, 2015
10:01 EDTCXOn The Fly: Analyst Upgrade Summary
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06:05 EDTCXCEMEX upgraded to Buy from Neutral at Longbow
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May 26, 2015
18:38 EDTLFRGYHolcim, Lafarge enter agreement to divest EUR6.5B worth of assets to CRH
Lafarge (LFRGY) and Holcim (HCMLY) announced that they have entered a binding agreement with CRH (CRH) regarding the sale of several assets. The assets include operations mainly in Europe, Canada, Brazil and the Philippines with an enterprise value of EUR6.5B. The divestments remain subject to the completion of the merger including the acceptance of Holcim’s public exchange offer by the shareholders of Lafarge. The merger is expected to close in July.
May 14, 2015
16:25 EDTEXP, LFRGYEagle Materials to acquire Holcim slag plant for $30M
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16:22 EDTEXPEagle Materials reports Q4 EPS with items 93c, consensus 71c
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15:01 EDTEXPNotable companies reporting after market close
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08:31 EDTCXCEMEX announces $300M investment in the Philippines
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