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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (20260)	12/15/2004 2:57:25 PM
From: E_K_S	Respond to of 78618

It looks like Cemex is expanding it's empire - Cemex buying U.K.'s RMC Group Big News Network Monday 27th September, 2004 Mexico's Cemex, one of the world's largest makers of concrete will pay $4.1 billion for British rival RMC Group, the Wall Street Journal reported Monday. In addition Cemex, of Monterey will assume $1.7 billion in debt of Britian's RMC Group. The deal will create a construction-materials company with $15 billion in annual revenues. Layoffs may follow soon: the two companies have reportedly targeted about $200 million in cost savings. Cemex's move accelerates an ongoing consolidation of the global cement industry, especially outside the United States. RMC is a leading international producer and supplier of materials, products and services used primarily in the construction industry. It makes 12 million tons of cement yearly, employs more than 29,000 people and operates in 22 countries, including nations in Europe, Asia, the Middle East, South America and the United States. Cemex is a leading global producer and marketer of cement and ready-mix products, with operations primarily concentrated in the world's most dynamic cement markets across four continents. ============================================================== Maybe it's worth keeping an eye on any of the smaller operations for possible further consolidation into Cemex's empire. FWIW I picked up a few more shares of TRP (TransCanada Corp) dividend was over 4% which goes x Dec 29. They recently acquired some Hydro Electric assets from bankrupt USGen New England and got a good price too.