About Us - Press Release - CEMEX confirms that it will terminate withdrawal rights when its offer to acquire Rinker is declared unconditional
Press Releases
publishDate1 Tue, 05 Jun 2007 18:27:00 +0000
publishDate2 Jun 5, 2007 6:27:00 PM
publishDate3 June 5, 2007
June 5, 2007
CEMEX, S.A.B. de C.V. (NYSE: CX) refers to its announcement of May 10 in which it stated that it will terminate withdrawal rights which arise under Rule 14d-7 and Section 14(d)(5) of the Securities Exchange Act of 1934, described in Section 7.3 of the Bidder's Statement if, and on the date that, its Offer to acquire shares of Rinker Group Limited ("Rinker") (ASX: RIN, NYSE ADR: RIN) is declared unconditional.
In the Press Release of CEMEX dated May 10, 2007, CEMEX announced that it will terminate withdrawal rights on a date no earlier than May 18, 2007. This date having passed, CEMEX today confirms that it will terminate withdrawal rights on the date the Offer is declared unconditional.
As stated in the Eighth Supplementary Bidder's Statement dated 30 May 2007, if CEMEX's aggregate relevant interest in Rinker Shares exceeds 50%, it will waive the 90% minimum acceptance condition, declare the Offer unconditional and such withdrawal rights will lapse. Rinker security holders should withdraw their tenders immediately if their willingness to tender into the Offer would be affected by a waiver of the minimum acceptance condition.
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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