Tags: Holcim

Holcim shareholders vote to back funding for planned merger with Lafarge

May 08, 2015

Holcim shareholders vote to back funding for planned merger with Lafarge

During the May 8 extraordinary general meeting, Holcim investors voted to back a capital increase, which is the last major hurdle in the Swiss cement maker's planned $40 billion merger with France's Lafarge. Reuters reports that more than 93 percent of ...

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Third largest Holcim shareholder votes in favor of Lafarge merger

May 06, 2015

Third largest Holcim shareholder votes in favor of Lafarge merger

Holcim shareholder Harris Associates voted in favor of Holcim’s merger with Lafarge. Harris, the third largest Holcim shareholder, told Reuters Monday that the American fund manager had voted positively for the merger of two of the world’s largest cement companies. Harris’ vote ...

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FTC approves Holcim-Lafarge merger after companies agree to divest assets

May 05, 2015

FTC approves Holcim-Lafarge merger after companies agree to divest assets

The massive merger of Holcim and Lafarge got the go-ahead from the Federal Trade Commission Monday, but not before the two cement giants had to agree to divest several assets in North America. The FTC announced that the merger would harm competition ...

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Holcim reports net income increase in the first quarter

May 05, 2015

Holcim reports net income increase in the first quarter

Holcim Ltd. reported a net income increase of 111.8 percent in the first quarter despite a decrease in sales. The Holcim quarterly report released April 30 said net income increased to more than $405 million in the first quarter. Holcim CEO Bernard ...

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Lafarge-Holcim merger comes under the gun from Swiss shareholder advisory group

Apr 28, 2015

There is dissention in the ranks of Holcim shareholders regarding the merger between Lafarge and Holcim…again. Reuters reports that, late last week, Swiss shareholder advisory group, Ethos, recommended rejecting the planned merger because it believes the Swiss group is better ...

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Lafarge and Holcim announce U.S. asset divestments required by Federal Trade Commission for merger

Apr 21, 2015

In yet another sign that the planned LafargeHolcim merger will move forward, Lafarge and Holcim have announced details about the assets they propose to divest in the United States. A news release from the companies notes that the divestments will ...

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Holcim and Lafarge nominate candidates for merged company’s board of directors

Apr 15, 2015

On Tuesday, Holcim and Lafarge announced the nomination of candidates for their combined company's board of directors as they work towards finalizing their $40 billion merger. A Lafarge press release states that the designated board of directors, which will consist ...

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Eric Olsen appointed future CEO of Lafarge Holcim merger

Apr 10, 2015

Eric Olsen appointed future CEO of Lafarge Holcim merger

In a move that will, hopefully, please jittery stockholders, the Lafarge and Holcim boards of directors announced the appointment of Eric Olsen as the future CEO of the merged companies. Olsen is currently executive vice president of operations at Lafarge. ...

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Holcim shareholders threaten merger plans with Lafarge…again

Mar 31, 2015

Shares in Lafarge fell by approximately 2 percent Monday, March 30, after two Holcim shareholders voiced their discontent with the revised merger terms that were put in place on March 20 to make Holcim shareholders happy and keep the merger ...

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Holcim Lafarge merger…on again

Mar 23, 2015

Holcim Lafarge merger…on again

Last week, new terms were reached in the off again-on again merger of Holcim and Lafarge. According to a Lafarge press release, the new terms sweeten the deal for Holcim shareholders by exchanging nine Holcim shares for every 10 Lafarge ...

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CRH agrees to pay $7.4 billion for Holcim and Lafarge assets

Feb 04, 2015

CRH agrees to pay $7.4 billion for Holcim and Lafarge assets

At the end of January Aggregates Manager reported that CRH emerged as the frontrunner to purchase assets from that Lafarge and Holcim must sell as part of a planned merger. CRH has now agreed to pay $7.4 billion for the assets in a deal ...

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CRH emerges as frontrunner for Holcim and Lafarge assets

Jan 26, 2015

CRH emerges as frontrunner for Holcim and Lafarge assets

Irish cement maker CRH has emerged as the slight frontrunner to acquire assets which Lafarge and Holcim must sell as part of a planned merger. Holcim and Lafarge's merger is expected to create a combined group with $44 billion in yearly sales. Following the ...

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