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April 6, 2014
14:38 EDTCX, MLM, EXP, VMC, TXI, LFRGYEuropean cement makers Lafarge, Holcim approve $50B merger, WSJ says
Two of the world's largest cement makers, France's Lafarge (LFRGY) and Switzerland's Holcim agreed to a $50B merger, says the Wall Street Journal. The cement companies' boards met separately on Saturday and approved the deal, added the Wall Street Journal. Other names in the cement and buildings materials space include Vulcan Materials (VMC), Martin Marietta (MLM), Texas Industries (TXI), Eagle Materials (EXP) and CEMEX (CX). Reference Link
News For LFRGY;VMC;MLM;TXI;EXP;CX From The Last 14 Days
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March 24, 2015
09:23 EDTCXCEMEX coverage resumed with a Buy at Goldman
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March 20, 2015
05:54 EDTLFRGYLafarge, Holcim reach revised terms for merger of equals
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March 19, 2015
07:17 EDTVMCStephens to hold a conference
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March 18, 2015
13:26 EDTLFRGYLafarge, Holcim discussions focus on CEO role, Reuters says
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06:20 EDTLFRGYHolcim, Lafarge boards hold separate meetings over merger, WSJ says
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March 16, 2015
09:16 EDTVMCVulcan Materials files automatic mixed securities shelf
05:46 EDTLFRGYLafarge confirms rejection letter from Holcim regarding proposed merger
Lafarge announces it received a letter from the Chairman of the Board of Holcim indicating the decision of the board of Holcim not to pursue the execution of the Combination Agreement under the terms approved by the board of Lafarge and Holcim and concluded on July 7, 2014 and challenging the financial terms and governance structure of the proposed merger of equals. Lafarge's board remains committed to the project that it intends to see implemented. The board said it is willing to explore the possibility of a revision of the parity, in line with recent market conditions, but it will not accept any other modification of the terms of the existing agreements. Reference Link
05:45 EDTLFRGYHolcim board rejects Lafarge merger terms
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