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Article: Lafarge (LAF) SqueezeTrigger Price Is $60.17. Short Sellers Are Down Approximately $17.75 Million After $3 Billion Takeover Offer.
- Article from:
- M2 Presswire
- Article date:
- February 6, 2006
CopyrightCOPYRIGHT 2006 Normans Media Ltd. 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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M2 PRESSWIRE-6 February 2006-BUYINS.NET: Lafarge (LAF) SqueezeTrigger Price Is $60.17. Short Sellers Are Down Approximately $17.75 Million After $3 Billion Takeover Offer.(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:06022006
BUYINS.NET, www.buyins.net, announced today that the 848,000 shares declared short on Lafarge North America (NYSE: LAF) have a SqueezeTrigger Price of $60.17 per share. Lafarge (NYSE:LR) said on Monday it would make a $3 billion offer for the 46.8 per cent of Lafarge North America (NYSE:LAF) that is in the hands of institutional and private investors. The French-based building materials group said the deal would make strategic, ...