Wednesday, November 02, 2005

Cranking the rumor mill

Earlier this year, it was reported that Lafarge may be in a buying mood, after freeing up a pile of cash from Canadian operations. Now, a rumor out of the U.K., says the company may have a specific target in mind. "Rumours around Hanson have intensified, particularly since it has its asbestos liability under control. Lafarge is seen as the stalker," reads a line from a finance article. Hmmmmmm, that would create one large construction-materials conglomerate, wouldn't it? Your comment?