Cemex and Rinker pair up

Cemex has finally concluded details for its marriage to Rinker after a long and stormy courtship. The deal, the largest ever in the construction materials industry, tops out at $14.2 billion. Rinker said that shareholders accounting for 52.7 per cent of its shares had agreed to tender, making the takeover offer unconditional. Cemex urged remaining shareholders to endorse the offer in coming days rather than stay as minority holders, according to news sources. Newspapers in Florida and Arizona speculated about the loss of jobs, and possible plant closings, amidst the regulatory obligations of the deal. Look for additional news analysis of the merger in the coming months. Your comment?