Lafarge Na Tender Offer Completed

Paris-based Lafarge Group consummated purchase of remaining Lafarge North America shares, representing a 46.8 percent stake and thus closing the books

CP STAFF

Paris-based Lafarge Group consummated purchase of remaining Lafarge North America shares, representing a 46.8 percent stake and thus closing the books on a tender offer that began in early February. As of May 16, Lafarge Group notified the Securities and Exchange Commission and New York Stock Exchange of deregistration and delisting of Lafarge NA shares. Lafarge Group maintains a NYSE listing under an American depository shares facility. The tender offer climbed from an initial $75/share to $85.50/share, as Lafarge Group’s initial offer encountered limited traction and large-shareholder resistance.