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.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
