1102 [Dow Jones] Rinker Group (RIN.AU), hits new record A$13.69 up 39 cents or 2.9%, last at A$13.64; broker says talk RIN the target of smaller U.S. cement producer is helping drive stock, "but I think it's more likely a large European player might come in" with RIN valued at around 20% discount to U.S. peers. Widespread global consolidation in industry over last 12 months all focused on gaining exposure to construction boom in U.S. or Eastern Europe, with RIN assets in Florida attractive, but lack of concrete evidence of suitors would see price erosion. (WEL)
RIN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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