About Us - Press Release - CEMEX offer for Rinker expires
Press Releases
publishDate1 Mon, 16 Jul 2007 18:13:00 +0000
publishDate2 Jul 16, 2007 6:13:00 PM
publishDate3 July 16, 2007
July 16, 2007
CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that its offer to acquire all of the ordinary shares (Rinker Shares), and all of the American depositary shares (Rinker ADS) representing ordinary shares, in Rinker Group Limited ("Rinker") (ASX: RIN, NYSE ADR: RIN) expired at 7 pm (Sydney Time) on July 16, 2007 / 5 am (New York Time) on July 16, 2007.
Securities representing approximately 855,846,390 Rinker Shares (or 95.62% of the outstanding Rinker Shares) were validly tendered and accepted for payment, including approximately 795,530,900 Rinker Shares and approximately 12,063,098 Rinker ADSs (representing approximately 60,315,490 Rinker Shares).
In addition, Notices of Guaranteed Delivery were received with respect to approximately 72,170 Rinker ADSs (representing approximately 360,850 Rinker Shares). Pursuant to the terms of the offer, Rinker ADSs listed in a Notice of Guaranteed Delivery must be validly tendered within 3 trading days following the delivery of such notice in order to be accepted for payment.
As announced on July 10, 2007, CEMEX has commenced a compulsory acquisition under Australian law for the remaining Rinker Shares.
CEMEX is a growing global building solutions company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.
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