Reuters is reporting that Cemex has announced a takeover bid for Trinidad Cement at 33.1% premium.
Cemex intends to consolidate Trinidad Cement Limited and its subsidiaries.
Full acceptance of the offer would result in a cash payment by Sierra of approximately US$89 million.
Read the article online at: https://www.worldcement.com/the-americas/06122016/cemex-announces-take-over-bid-for-trinidad-cement/
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