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| Lafarge increases offer for Lafarge North America Lafarge, the world leader in building materials, will amend its cash tender offer for the remaining 46.8% minority stake in Lafarge North America that it does not own by increasing the offer price to $85.50 per share. The Special Committee of Lafarge North America's Board of Directors has unanimously resolved to recommend that the minority shareholders accept the revised offer and tender their shares, as and when the offer is amended. Lafarge North America today is a 53.2%-owned subsidiary of Lafarge. The increased offer price represents a premium of 33% 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. Lafarge has also extended the expiration date of its offer for the outstanding common shares of Lafarge North America until 12:00 midnight, New York City time, on Friday, May 12 2006. write your comments about the article :: © 2006 Construction News :: home page |