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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:
- CCNMatthews Newswire
- Article date:
- February 6, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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PARIS--(CCNMatthews - Feb 6, 2006) -
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 ...