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Article: Lafarge to Launch a Cash Tender Offer for the Outstanding 46.8% Minority Stake in Lafarge North America.
- Article from:
- Business Wire
- Article date:
- February 6, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS -- Lafarge (EURONEXT:LG)(NYSE:LR) , the world leader in building materials, and owner of a 53.2% stake in Lafarge North America (NYSE:LAF)(TSX:LAF), today announced its intention to launch a cash tender offer (the "Offer") for the remaining 46.8% minority stake it does not own. Lafarge intends to offer Lafarge North America shareholders US$75 in cash for each Lafarge North America share they hold, representing a 16.7% premium over Lafarge North America's closing stock price on February 3, 2006, and a 31.0% premium over Lafarge North America's average closing stock price over the past three months. Based on the 35.3 million minority-owned shares and on outstanding ...