Lafarge buyout

25 April 2008

US: Lafarge, the world's largest cement maker, has offered US$ 3 billion in a bid to acquire the 46.8% of Lafarge North American it does not already own. The company said it would offer shareholders US$ 75 per share, a +17% premium over the closing price on Friday 3 February. According to Lafarge CEO, Bruno Lafont, the buyout, which Lafarge is funding entirely through debt, to have positive impact on earnings per share.

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