Business Services Industry
Rinker gets approval - Big Deals
South Florida CEO, Sept, 2002
West Palm Beach-based Rinker Materials Corporation -- one of the largest producers of construction materials in the US -- has received regulatory approval to acquire all of the outstanding shares of the Kiewit Materials Company, for $540 million. Rinker will pay $17 per share for all of Kiewit Materials' outstanding stock; the transaction is expected to close by the end of September.
Kiewit, with 44 aggregates facilities in the southwestern and western US, is based in Arizona.
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