Cemex Equity Draws Fevered Pitches

Aug 10, 2009

With a $15bn bank debt restructuring practically in the bag, Cemex management is heard turning its focus to an intensifying stream of pitches coming from ECM teams across the Street for its expected equity offering. Bankers close to the company agree on several points: 1) the equity market today would be receptive to a Cemex offering; 2) conditions permitting, Cemex should use positive momentum from the...

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