cemex offer 4 rinker group

RIN Should be trading above $18.50 in my opinion, with oil prices down to $50 (energy has in the past been the cause of cost increases), and US Housing starts comming in at 1.642m above consensus at 1.590m last night. This bodes well for short term profitability, while CEMEX is hoping for the opposite, so it can pick Rinker up on the cheap.

With further increased debt capacity, Cemex will easily be able to raise the bid by 20 - 25% ($19.80 - $20.65).