Rinker fights back

Rinker Group Ltd., the parent company of Rinker Materials, the fifth largest producer in the U.S., is fending off a takeover bid from Cemex. The Mexican company has offered $11.7 billion for Rinker. If Cemex is successful, it would become the largest cement-maker in the world. Shares of both companies have been rising as the battle heats up. Cemex just posted a 55 percent increase in fourth-quarter net income. Rinker is looking at options including mergers, acquisitions, asset sales or changing its business structure, to keep Cemex at bay. Keep an eye on this one. Your comment?