Thursday, February 09, 2006

But what does it mean?

Lafarge has floated a $3 billion cash offer to buy the 46.8 percent it does not own in Lafarge North America Inc., but if the deal goes down, what does it mean? Well, it would streamline its operations and enhance its earnings. But more importantly, analysts say this transaction makes strategic sense for Lafarge because it will enable the company to pursue business and growth opportunities in North America even more effectively. With persistent rumors that Lafarge plans a major acquisition in North America, the infrastructure to do just that begins to fall into place. Your comment?