JP Morgan are advising CEMEX on the deal and hold 13% of the shares. It can be assumed that JPM's holding is in Cemex's corner.
However, 3 Australian institutions hold approx 40% of the shares and they will be instrumental in the outcome. What the Rinker board is relatively unimportant. Clearly, RIN will automatically reject the offer and some negotiation will ensue.
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rinker group limited
JP Morgan are advising CEMEX on the deal and hold 13% of the...
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