Readymix shareholders vote in favour of Cemex takeover

Readymix shareholders have voted in favour of the cement company's takeover by Spanish firm Cemex.

Already owner of 60% of Readymix’s stock, Cemex has upped its offer from 22c to 25c per share in cash, an increase of 13.6% from its January offer. Readymix has described the terms as fair and reasonable.