Apr. 4, 2014, 10:40 AM
- Holcim (HCMLF +2.4%) and Lafarge (LFRGY +6.7%), the world’s two largest cement makers, are exploring a potential merger of equals that would create a company with a combined market value of more than $50B, Bloomberg reports.
- Holcim and Lafarge combining would allow the companies to cut production costs by melding production capabilities and cutting excess capacity, but a merger could face heavy antitrust issues from multiple governments.
- Peers are rising on the news: CX +4.2%, VMC +2.1%, MLM +3.4%, CRH +2.8%, GVA +0.3%.
Granite Construction, Inc. operates as a contractor and construction materials producer in the U.S. The company operates through the following segments: Construction, Large Project Construction, Construction Materials and Real Estate. The Construction segment performs various heavy civil... More
Sector: Industrial Goods
Industry: Heavy Construction
Country: United States