Cemex has made a new offer take-over bid for Trinidad Cement following its take-over bid December 5, 2016.
Cemex’s new offer price is $5.07 a share. If successful, Trinidad Cement will continue operating as usual and remain a publicly listed company on the Trinidad and Tobago Stock Exchange.
Cemex is the largest shareholder in the company, holding 39.5% of the company.
Trinidad Cement’s main operations are in Trinidad and Tobago, Jamaica and Barbados. It is the majority shareholder of Caribbean Cement Company, a main cement producer in Jamaica.
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