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PHILADELPHIA (Reuters) - Mexico's Cemex S.A.B. de C. V. (CX.N: Quote, Profile, Research) on Friday said it would make an offer to buy Australia's Rinker Group Ltd.(RIN.AX: Quote, Profile, Research) (RIN.N: Quote, Profile, Research) for $12.8 billion, or $13 per share, in a move to create one of the world's largest building-materials companies.
Cemex said the offer represents a premium of 27 percent over Rinker's closing stock price on the Australian Stock Exchange on Friday.
The combined company would have revenue of $23.2 billion and more than 67,000 employees in more than 50 countries, Cemex said.
RIN
rinker group limited
