CRH to buy Ash Grove in US$3.5bil deal


NEW DELHI: CRH Plc agreed to buy Ash Grove Cement Co in a deal valued at US$3.5bil to expand the Dublin-based building-materials company’s footprint in the Americas, where it got more than half its profit last year.

Stockholders of the Overland Park, Kansas-based cement maker will get US$449 to US$454 per share, according to a Sept 20 statement from Ash Grove. That’s as much as 59% more than the stock’s closing price on Wednesday in New York.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , crh

   

Next In Business News

Over 90% of entrepreneurs have yet to adopt e-invoicing - expert
Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder
Bumi Armada posts higher net profit of RM211.33mil in 3Q
Affin Bank's net profit jumps 45% to RM145.82mil in 3Q
KLCI remains positive as heavyweights bounce higher
Malaysia's inflation comes in at 1.9% in Oct
Globetronics shares rally in early trade after Taiwan deal
Nissan to cut or transfer about 1,000 jobs in Thailand, sources say
Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded

Others Also Read