Business Services Industry
ASIC acts on Rinker bid.
Australasian Business Intelligence, June, 2007
Byline: Henry Byrne
Jun 14, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Australia's securities regulator has lodged an application that could make Cemex's takeover of Rinker Group more expensive. The Australian Securities & Investments Commission (ASIC) is unhappy that Cemex sweetened a bid it had declared final by allowing Rinker shareholders to keep a $A0.25 dividend. ASIC has applied to the Takeovers Panel to force the Mexican cement maker to also pay the dividend on the 166 million shares that changed hands between the "final" bid on 10 April 2007 and the amended bid, including dividend, on 7 May 2007.
Publication Date: 15 June 2007
RINKER GROUP LIMITED - ASX RIN
CEMEX SA
AUSTRALIAN SECURED INVESTMENTS LIMITED ...
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