December 11, 2006
Mexican cement producer Cemex said it is to extend the deadline for its off
Mexican cement producer Cemex said it is to extend the deadline for its offer for Australian building materials group Rinker from the end of December until January 27. This follows shareholder approval last week for its bid of $11.7 billion for Rinker. The bid has been rejected by Rinker's board, which unanimously recommended to shareholders they reject Cemex's offer, saying it was "opportunistic" and "far too low".