Friday, July 13, 2007

UPDATE 2-St Lawrence Cement gets higher bid, shares jump

(Reuters) - TORONTO, July 13 - St. Lawrence Cement Group
stock jumped 5.1 percent on Friday after its minority
shareholders received a raised takeover offer of C$43.50 a
share cash from Swiss cement maker Holcim .




Holcim's revised C$681 million offer is up
from its previous bid of C$630 million, or C$40.25 a share,
which had been endorsed by the board of Montreal-based St.
Lawrence.


Read more at Reuters.com Mergers News

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