Hot merger rumor!

A major industry financial transaction may be brewing, according to sources. Construction materials giant Holcim has declined to comment on rumors that it plans to launch a hostile takeover of Lafarge SA, with backing from a large financier, possibly from Venezuela or Russia. Lafarge has also refused to comment. Its balance sheet has been significantly improved through its Excellence 2008 initiative, even though company revenues have dropped through the reduction of construction globally. Holcim sees the significant cost reductions that are possible through a merger of the two companies. Original article here. Your comment?