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Stock Market & Financial Investment News

News Breaks
April 7, 2014
05:42 EDTLFRGY, CX, MLM, VMC, TXI, EXPHolcim, 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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August 18, 2014
08:03 EDTMLM, TXI, VMCMartin Marietta completes divestures required by DOJ
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08:00 EDTVMCVulcan Materials acquires aggregates operations in Dallas market
The company has completed the acquisition of one quarry in southern Oklahoma with rail distribution capabilities into Texas and two distribution yards in the Dallas area from Martin Marietta Materials, for cash and real property.
August 14, 2014
12:46 EDTCXCEMEX to invest $340M in new Colombia CLH cement plant
CEMEX announced that its subsidiary, CEMEX Latam Holdings, will begin the construction of a cement plant in Colombia. The total investment is expected to reach approximately $340M and to increase CLH’s cement production capacity in Colombia from 4.5M to close to 5.5M tons per year. The first phase of this project includes the construction of a new grinding mill that is expected to start cement production during the second quarter of 2015. The rest of the plant will be completed during the second half of 2016. The plant will operate using modern and efficient technology to comply with high quality and environmental standards.
August 8, 2014
09:39 EDTCXCEMEX management to meet with JPMorgan
Meeting to be held in Boston on August 13 hosted by JPMorgan.

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