Monday, January 29, 2007

Hanson, Cemex, Rinker, what?


Overseas financial sources are talking about a possible Hanson sale. Rumors about a bid for Hanson have been overheard for the better part of the past year, but the idea is again picking up steam. According to sources, Hanson is in a particularly strong position in comparison with many of its rivals on both sides of the Atlantic, because it has "enough aggregate reserves to maintain its position in the market for many years to come." Until recently, Mexican rival Cemex was rumored to be interested in Hanson. Cemex is currently embroiled in a takeover bid for Australia-based Rinker. Your comment?