Readymix soars on takeover hope
The share price went up by 16c — from 3c to 19c — after the troubled Dublin-based cement product and building materials provider told the stock exchange it had received another takeover approach.
A company called Readymix Investments — a wholly-owned indirect subsidiary of Cemex Espana (the Spanish arm of international cement giant, Cemex) — has approached the Dublin company, indicating that it would be prepared to offer 22c per share in a cash deal. Although quoted on the ISEQ, Readymix (Ireland) is 60% owned by Mexican-based group Cemex.
