|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||534.00 - 535.00|
|52 Week Range||248.00 - 554.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||3.20 (0.60%)|
|1y Target Est||N/A|
Irish building materials group CRH is likely to hold back on major acquisition activity for the rest of 2018 as it digests last year's deals, CEO Albert Manifold said on Thursday. CRH committed to 5 billion euros ($6.1 billion) of deals last year, including the 3 billion euro purchase of Ash Grove Cement Co, which is due to close shortly.
Ireland's CRH, the world's third-largest building materials group by market capitalisation, said on Tuesday it has capacity on its balance sheet for more deals, after a spending spree this year. It said it is refocusing on North America and announced it had spent $750 million on cement acquisitions in Florida, making it the largest building materials company in the state. CRH recently secured a deal to buy U.S. cement maker Ash Grove Cement Co for $3.5 billion to strengthen its grip in North America, and last week it joined the race for South African cement maker PPC.
Irish building materials firm CRH has made a cash bid for cement maker PPC, taking on South African rival Afrisam and Switzerland's LafargeHolcim. PPC, which did not disclose the value of CRH's non-binding ...
A majority of Ash Grove Cement's (ASHG.PK) shareholders approved the sale of the U.S. cement maker to Ireland's CRH (CRH.I) on Friday after a rival bid from Summit Materials (SUM.N) failed to materialise. Summit, a U.S. construction firm set up in 2009 by former CRH executives, attempted to outbid their former colleagues earlier this month with a preliminary bid valued at $3.7 (2.80 billion pounds) -$3.8 billion, a source familiar with the matter told Reuters. Kansas-based Ash Grove, whose board had already unanimously approved CRH's $3.5 billion bid, did not name the rival suitor when it extended the period during which it was able to look for other potential buyers to Oct. 20.
European shares rose for the fourth consecutive week on Friday as confidence over the region's economic recovery outweighed worries over the Catalonia crisis, whose impact remained confined to Spanish equities. While Spain's IBEX ended a tumultuous week down 1.9 percent after a banned referendum last weekend in the wealthy Spanish region overwhelmingly backed independence, the pan-European STOXX 600 index fell 0.4 percent on the day but posted a five-day gain of 0.3 percent. Redemptions in Spanish stock funds hit their highest level in nearly three years over the past week as investors became alarmed by the confrontation between Madrid and Catalonia, EPFR Global data showed.
U.S. cement maker Summit Materials has made a $3.8 billion offer for rival Ash Grove Cement , a source familiar with the matter told Reuters, hoping to trump an earlier takeover bid from Irish building materials firm CRH Plc. Ash Grove said earlier on Friday that it had received a new bid from an unnamed party which valued the business at $3.7-$3.8 billion. The source said Summit Materials' bid was submitted on Thursday and is currently being considered by Ash Grove's board.
Europe's major benchmarks were set to end a tumultuous week on a slightly softer note, with investors' focus turning from a separatist crisis in Catalonia to U.S. jobs data expected later in the day. The pan-European STOXX 600 dipped 0.1 percent in early trading, but remained on track for its fourth straight weekly gains. Spain's IBEX declined 0.2 percent after a strong rally in the previous session as nerves over Catalonian independence eased.