US: The shareholders of Ash Grove Cement have approved its merger agreement with Ireland’s CRH. The decision follows a period of uncertainty about the sale to CRH when Summit Materials made a counter-bid for the company. Ash Grove subsequently extended its so-called ‘shop window’ consideration period to 20 October 2017. Following the shareholder approval, no further action is required by any Ash Grove shareholder to approve the merger agreement. The transaction is currently expected to close in late 2017 or early 2018, subject to regulatory approval.
Ash Grove Cement stockholders approve acquisition by CRH
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