Friday, May 4, 2007

Hanson Shares Advance on Possible Takeover Approach From HeidelbergCement

(Bloomberg) -- Shares of Hanson Plc, the world's largest supplier of crushed rock used in construction, rose as much as 6.3 percent after HeidelbergCement AG said yesterday it may make a takeover offer for the company.

The stock climbed 65 pence, to 1,090 pence, and traded at 1,058 pence as of 8:24 a.m. in London, giving Hanson a market value of 7.54 billion pounds ($15.2 billion.) Shares of the company, based in the U.K. capital, surged 20 percent yesterday.


Read more at Bloomberg Stocks News

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