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Article: Lafarge Increases Offer for Outstanding Minority Shares of Lafarge North America to $82 Per Share and Extends Offer to April 28.
- Article from:
- Business Wire
- Article date:
- April 4, 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, the world leader in building materials, and owner of a 53.2% stake in Lafarge North America (NYSE & TSX: LAF), today announced that it will amend its cash tender offer (the "Offer") for the remaining 46.8% minority stake it does not own by increasing the offer price to $82 per share. The increased offer price represents a premium of 27.6% over Lafarge North America's closing stock price on February 3, 2006, the last trading day before Lafarge announced its intention to commence the tender offer, and a premium of 43.2% over Lafarge North America's average closing stock price during the three months prior to the announcement of its intention to commence ...