if Cemex pulls the plug.
JHX has risen 17% since the takeover offer on 30/10
If RIN had had no takeover offer it probably would have risen by a similar amount, maybe more.
It is a better company in my opinion, otherwise someone would be trying to take it over.
RIN was $14 on the day of the announcement
17% increase would make the price $16.38
Cemex's bid is $17
Theoretically if would have risen by the same amount as JHX, you would stand to lose about 3.5%
You would probably lose a lot more than if you were to trigger a capital gains event.
Why don't you walk away now Cemex. Your bid is worth nothing.
RIN
rinker group limited
cemex bid worth zero to shareholders
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