RIN rinker group limited

cemex bid worth zero to shareholders

  1. 3,698 Posts.
    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.
 
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Currently unlisted public company.

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