Mexico-Based Cemex To Buy RMC
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&quot;This is the right acquisition at the right time for Cemex,&quot; says Lorenzo Zambrano, chairman and chief executive of Cemex.
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The Chinese mining group Chinalco said that it had teamed up with the American aluminum producer Alcoa to buy a 12 percent stake in Rio Tinto.
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Mortgage insurer MGIC Investment   plans to buy rival Radian Group Inc.  for about  $5 billion, the companies said on Tuesday, a move that will  allow them to cut costs.
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Mexico's Grupo TMM agreed to sell its  51 percent voting stake in Grupo Transportacion Ferroviaria  Mexicana SA de CV, or Grupo TFM, to Kansas City Southern  Industries Inc. for $200 million in cash and 18 million shares  of stock, the companies said on Wednesday.
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CME Group Inc , the world's largest derivatives exchange, hopes to broaden its reach by adding the energy and precious metals mart Nymex , the companies said on Monday.
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US transport group Kansas City Southern has agreed to buy a controlling stake in Mexico&#39;s busiest railroad in a deal worth at least $550 million, ending a bitter legal dispute with Mexican company TMM.
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Cemex, the Mexican cement maker, gained a controlling stake in the Rinker Group of Australia, completing its largest acquisition and increasing its share of the United States market with the $14.2 billion deal. In a filing to the Australian stock exchange, Cemex said it had received acceptances from investors holding 50.34 percent of Rinker. The offer for all of Rinkerâs shares expires June 22. Cemex, based in Monterrey, Mexico, had to sweeten its six-month-old unsolicited offer by 22 percent in April to win management approval. Rinker, which is based in Sydney, receives about 80 percent of sales from the United States, where Cemex is already the largest cement company.
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London - Mexican cement maker Cemex has agreed to buy British rival RMC Group for about R26.5 billion in cash and debt, the two companies said Monday.
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The Chicago Mercantile Exchange is in talks to buy its New York rival Nymex for $11bn, both firms reveal.
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U.S. buyout firm Cerberus Capital Management  won approval from the European Commission on Tuesday to buy U.S. carmaker Chrysler from DaimlerChrysler .
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CONCRETE maker RMC is set to be bought by Mexican rival Cemex in a deal valuing it about Â£2.3bn. Directors from both companies have approved the purchase of the world&#39;s biggest maker of ready-mixed cement.
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Lorenzo Zambrano gained a reputation as a savvy deal-maker as he led Mexico&#39;s Cemex on a spending spree that turned it into the world&#39;s third largest cement maker with 15 acquisitions in a dozen years.
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The Mexican cement maker looks to be an attractively priced opportunity, despite housing market concerns.
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The New York Mercantile Exchange  (NYMEX), the world&#39;s largest energy market, is exploring a sale  for about $14.3 billion, a news agency reported on Friday, as  exchanges worldwide hustle for the best merger partners.
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Nova Chemicals Corp., Canada&#39;s largest chemical maker, will join Petroleos Mexicanos, Mexico&#39;s state-owned oil company, and two other partners to study a plan to build a $2 billion petrochemical complex in Mexico.
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Mexican stocks fell early Monday, dragged lower by cement giant Cemex (CX) after it announced a multibillion dollar acquisition of a British company, the largest by a Mexican firm ever.
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Mexican group Cemex makes a Â£2.3bn ($4.1bn) offer for UK-based RMC, the world's biggest supplier of ready-mixed concrete.