Tuesday, 15 May 2007

UPDATE 3-Hanson agrees $16 bln offer from HeidelbergCement

(Reuters) - FRANKFURT/LONDON, May 15 - Germany's HeidelbergCement AG to create the world's second-largest firm in construction materials.

The cash offer of 1,100 pence per share would be the biggest takeover in the sector and create the second-largest such firm by market capitalisation. The new firm will have revenues of around 15 billion euros and more than 70,000 employees, the two firms said in a statement on Tuesday.


Read more at Reuters.com Bonds News

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