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Article: Lafarge Commences Cash Tender Offer for All Outstanding Shares of Lafarge North America
- Article from:
- CCNMatthews Newswire
- Article date:
- February 21, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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PARIS--(CCNMatthews - Feb 21, 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 commenced its previously announced cash
tender offer (the "Offer") for the 46.8% of Lafarge North America
that it does not already own.
As announced on February 6, 2006, Lafarge is offering Lafarge
North America shareholders US$75 in cash for each Lafarge North
America share they hold, a price that represents a 16.7% premium over
Lafarge North America's closing stock price on February 3, 2006, the
previous trading day before the announcement of the Offer, and a
31.0% premium over Lafarge North America's ...