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April 7, 2014
05:42 EDTTXI, CX, VMC, LFRGY, EXP, MLMHolcim, 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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November 20, 2014
07:35 EDTEXPEagle Materials outlook remains positive, says Stifel
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November 13, 2014
09:13 EDTLFRGYLafarge, Holcim assets targeted by Oyak, Bloomberg reports
Oyak Group, Turkey’s military pension fund, is interested in Holcim (HCMLY) and Lafarge (LFRGY) businesses in countries including Romania, Serbia and Hungary, the head of its cement and automotive unit said in an e-mailed statement to Bloomberg. Holcim and Lafarge need to sell units to gain regulatory approval for their planned merger and Reuters reported this past weekend that Lafarge CEO Bruno Lafont said that their deal was on schedule to close in 1H15. Reference Link
November 12, 2014
07:52 EDTCXCitigroup to hold a conference
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November 9, 2014
21:17 EDTEXPEagle Materials management to meet with Stephens
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