CRH receives shareholder approval for US$3.5B Ash Grove acquisition

CRH
October 27, 2017
By CRH
October 27, 2017 - On Sept. 21, 2017, CRH plc announced that it had reached an agreement to acquire Ash Grove Cement Company (Ash Grove), a leading U.S. cement manufacturer headquartered in Overland Park, Kansas, for a total consideration of U.S.$3.5 billion.

On Oct. 5 2017, having received an unsolicited, preliminary, non-binding competing acquisition proposal, Ash Grove extended the period for obtaining shareholder approval for the transaction until 5:00 p.m. (New York time) on Oct. 20, 2017.

As announced by Ash Grove, CRH has now received Ash Grove shareholder approval for the proposed acquisition at a total consideration of US$3.5 billion. The transaction remains subject to regulatory approval and is expected to close in late 2017 or early 2018.

Further details will be provided as part of CRH’s Trading Update on Nov. 21, 2017.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

World of Concrete Asia
December 4-6, 2017
ASGA 2018 Conference & AGM
January 10-11, 2018
74th Congress of the ACRGTQ
January 17-19, 2018
World of Concrete
January 23-26, 2018