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| Lafarge attracts Lafarge North America shareholders Lafarge, the world leader in building materials, and owner of a 53.2% stake in Lafarge North America will amend its cash tender offer for the remaining 46.8% minority stake it does not own by increasing the offer price to $82 per share. The increased offer price represents a premium of 27.6% over Lafarge North America's closing stock price on February 3, 2006, the last trading day before Lafarge announced its intention to commence the tender offer, and a premium of 43.2% over Lafarge North America's average closing stock price during the three months prior to the announcement of its intention to commence the tender offer. Lafarge has also extended the expiration date of its offer for common shares of Lafarge North America until 12:00 midnight, New York City time, on Friday, April 28, 2006. Lafarge also will increase the offer price of its cash offer for all outstanding exchangeable preference shares of Lafarge Canada Inc., a subsidiary of Lafarge North America Inc., to $82 per share. write your comments about the article :: © 2006 Construction News :: home page |