- Holcim's (OTCPK:HCMLY -0.4%) third-largest shareholder has now given its support for the company's takeover of Lafarge (OTCPK:LFRGY +0.9%), removing yet another hurdle that would create the world's largest cement company.
- Two-thirds of investors in the Swiss company need to back the merger at a Holcim shareholder meeting on May 8 for the deal to proceed.
- Previously: Holcim continues to pave road for Lafarge merger (Apr. 30 2015)