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That smells like a win for both Rinker and Cemex shareholders, and in the long run I think this will be a great deal for Cemex as it expands its dominant position in some of the world's key cement and concrete markets.
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seekingalpha.com/article/31911-cemex-acquires-rinker-a-...
seekingalpha.com/article/31911-cemex-acquires-rinker-a-win-on-both-sides
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The Motley Fool - Mr. Market hits debt-burdened CEMEX. ... Despite Rinker being the largest cement producer Down Under, a slug of its revenues are generated in the United States. Before being acquired by CEMEX, Rinker chalked up 56% of its sales from Florida and 16% more from Arizona.
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www.fool.com/investing/general/2009/03/23/no-show-costs...
www.fool.com/investing/general/2009/03/23/no-show-costs-cemex.aspx
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Freedonia Industry Research ... Full Study Keywords: View Study Brochure ... CEMEX SAB de CV (Rinker Materials) Image...
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www.freedoniagroup.com/FractionalDetails.aspx?DocumentI...
www.freedoniagroup.com/FractionalDetails.aspx?DocumentId=456181
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Aug 12, 2009 ... CEMENT and building materials conglomerate Cemex cleared a major hurdle this week in its efforts to refinance close to $US15 billion ...
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www.theaustralian.com.au/business/news/cemex-given-rink...
www.theaustralian.com.au/business/news/cemex-given-rinker-debt-lifeline/story-e6frg90f-1225760454314
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I feel like I got the shaft.This whole Rinker deal sucks. Cemex gave them control of Florida and Arizona and lots of people got their walking papers. ... cemex & rinker mgmt have become a ruthless group of jerks. and putting people out of work left and right. shame on you rinker for becoming a-holes like the cemex !
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www.topix.com/forum/city/west-palm-beach-fl/TU3D0LLNSDA...
www.topix.com/forum/city/west-palm-beach-fl/TU3D0LLNSDA79DOQF
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* But the Rinker deal nearly proved to be Cemex's undoing. Cemex bought Rinker with billions of dollars in short-term debt just as the U.S. housing market crisis broke.
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www.reuters.com/article/gc04/idUSTRE59T4YX20091030
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Rinker and Cemex are the only two companies capable of supplying ready mix concrete for big projects in Flagstaff; and, in other cities, there are only one or two other firms capable of serving large construction projects.
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enr.construction.com/news/finance/archives/070416.asp
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Cemex, however, has swooped on its Australian rival Rinker Group with an unsolicited takeover offer worth $12.8bn, including assumed debt. Cemex claims market rumours forced it to go public before it had a chance to talk to Rinker.
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www.ft.com/cms/s/fa676e36-6601-11db-a4fc-0000779e2340.h...
www.ft.com/cms/s/fa676e36-6601-11db-a4fc-0000779e2340.html
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In 2007, CEMEX acquired Rinker Materials, positioning the company to deliver more products and services to more areas of the country than ever before. Through Rinker Material's Concrete Pipe Division, CEMEX is a leading producer of concrete pipe and box culverts in the United States, including Rinker Stormceptor®,
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www.rinkermaterials.com/
www.rinkermaterials.com/
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