What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Nov. 25, 2015, 7:50 AM
- LafargeHolcim (OTCPK:HCMLY) plans to raise to raise 3.5B Swiss francs ($3.5B) next year from selling off cement assets as the recently merged group adjusts to tough conditions in markets like China and India.
- The company announced the portfolio review after missing third-quarter sales and earnings expectations as the stronger Swiss franc and lower prices weighed on its results.
Aug. 17, 2015, 8:28 AM
Jul. 17, 2015, 8:13 AM
- LafargeHolcim (OTCPK:HCMLF) has paid £992M to buy out a 50% stake in Lafarge Tarmac held by Anglo American (OTCPK:AAUKF, OTCPK:AAUKY) so it can sell the U.K. building materials company to CRH to meet regulatory requirements.
- "This step is required to allow for the full divestment of Lafarge Tarmac...to CRH as part of the divestment of several assets in Europe, Canada, Brazil and the Philippines," the company said in a statement.
Jul. 15, 2015, 8:07 AM
- LafargeHolcim (OTCPK:HCMLF), the company formed by the recent merger between Holcim and Lafarge, has confirmed plans to deliver cost savings of €1.4B euros ($1.5B) within three years.
- "Following the successful completion of the merger...the new group will now work toward creating the highest performing company in the building materials industry," the company said in a statement.
Jul. 10, 2015, 4:59 AM
- Holcim (OTCPK:HCMLY) has confirmed that CEO Bernard Fontana will step down when the merger with France's Lafarge (OTC:LFGEF) is completed this month.
- Eric Olsen, who currently serves as Lafarge’s executive vice president of operations, has been selected to run the combined company.
- The $47B union will create a globe-spanning building materials giant with combined revenue of roughly $35B and operations in 90 countries.
May 27, 2015, 9:29 AM
- Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have finalized the make-up of the future 10-member executive committee of the combined LafargeHolcim.
- The two also reached a binding agreement under which Irish cement maker CRH will buy some of their assets for €6.5B ($7.1B). The deal was a regulatory condition required for the merger.
May 20, 2015, 7:04 AM
May 4, 2015, 4:58 PM
- Cement makers Holcim (OTCPK:HCMLF, OTCPK:HCMLY) and Lafarge (OTC:LFGEF, OTCPK:LFRGY) win antitrust approval to merge from the U.S. Federal Trade Commission after agreeing to divest plants, terminals and a quarry to gain approval of their $25B deal.
- As earlier revealed, Holcim will dispose of three terminals in Michigan and Illinois, as well as slag grinding stations in Illinois and New Jersey, while Lafarge will sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River.
May 4, 2015, 11:01 AM
- 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)
Apr. 30, 2015, 4:45 AM
- Holcim's (OTCPK:HCMLY) second-largest shareholder has given its support for the company's takeover of Lafarge (OTCPK:LFRGY), removing one of the last obstacles for a $44B merger which would create the world's largest cement company.
- The backing is another boost for Holcim as it seeks to win over two-thirds of investors at a shareholder meeting on May 8, in order to approve a fundraising to pay for the merger.
Apr. 17, 2015, 4:12 AM
- Lafarge (OTCPK:LFRGY) and Holcim (OTCPK:HCMLY) have given details regarding their asset disposals in the U.S., as part of their planned $44B merger due to close in July.
- Lafarge will sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River to Summit Materials (NYSE:SUM) for $450M in cash plus Summit's Bettendorf, Iowa cement terminal.
- Holcim will dispose of three terminals in Michigan and Illinois, as well as slag grinding stations in Illinois and New Jersey.
Apr. 14, 2015, 4:50 AM
- Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have named the candidates for their combined company's board of directors, with each firm receiving seven seats.
- The 14 members are due to be elected at its extraordinary general meeting on May 8.
- Last week, Lafarge and Holcim chose veteran Lafarge executive Eric Olsen to be chief executive of the new $44B merged company.
Apr. 9, 2015, 3:08 AM
- As expected, veteran Lafarge executive Eric Olsen will become CEO of the cement giant that will be created from the $44B merger of his current company with Holcim.
- Olsen, who is 51, is Lafarge's executive VP for operations and is responsible for countries that include France, the U.S., Brazil and Egypt.
- Lafarge CEO Bruno Lafont had been slated to head LafargeHolcim but the proposal ran into trouble with shareholders. (PR)
- Tickers: OTC:LFGEF, OTCPK:LFRGY, OTCPK:HCMLF, OTCPK:HCMLY
Mar. 30, 2015, 4:25 AM
- Eurocement, the second-largest shareholder in Holcim (OTCPK:HCMLY), plans to vote against the Swiss company's union with Lafarge (OTCPK:LFRGY) unless the financial terms of the deal are altered.
- Last week, the two cement companies salvaged their $44B merger with a revision to their agreement, saying Holcim would offer 0.90 of one of its shares for each one of Lafarge, instead of a one-for-one swap.
- Eurocement alone can’t derail the deal, which requires the approval of two thirds of Holcim's shareholders at an extraordinary meeting (scheduled for May 8).
Mar. 20, 2015, 2:23 AM
- After several days of intense negotiations, Europe's two largest cement companies Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have salvaged their $44B merger by reconciling differences over financial terms and management.
- Under the new arrangement, Holcim will pay about 0.90 of one of its shares for each one of Lafarge (instead of a 1:1 ratio), while Lafarge CEO Bruno Lafont will become co-chairman of the combined group rather than its new head.
Mar. 19, 2015, 7:18 AM
- Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) are progressing in last-ditch talks to salvage their $44B cement merger, Bloomberg reports, stating the possibility that a preliminary agreement could be reached as early as today.
- The cement giants are discussing revised figures where Holcim would give about 0.90 of a share in return for one Lafarge share, instead of the original 1:1 ratio.
- The two have also reached a preliminary understanding to make Lafarge CEO Bruno Lafont co-chairman of the new entity (along with Holcim Chairman Wolfgang Reitzle) amid growing resistance to him taking the top job.
- Another Lafarge executive is likely to be chosen as the new CEO of the merged company instead.
- Previously: Holcim, Lafarge weigh merger (Mar. 18 2015)
Holcim's core businesses include the manufacture and distribution of cement, and the production, processing and distribution of aggregates (crushed stone, gravel and sand), ready-mix concrete and asphalt. The company also offers consulting, research, trading, engineering and other services.
Other News & PR