Cemex sets 30-month timetable for $1.5-2B in asset sales

Sources: Cemex S.A.B. de C.V., Monterrey, Mexico

In an upbeat second quarter earnings report, Cemex assures investors that asset prioritizing and debt reduction are top of mind. “With the objective of accelerating our path to investment grade and enhancing total shareholder return, we are announcing ‘A Stronger Cemex,’” says Chief Executive Fernando Gonzalez. “During the next 2.5 years, we will work to optimize our portfolio by focusing on markets with the greatest long-term growth potential and selling between $1.5 billion and $2 billion of assets.

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Shareholders, Feds clear Martin Marietta, TXI merger

Sources: Martin Marietta Materials, Raleigh, N.C.; U.S. Department of Justice Antitrust Division; CP staff

Five months of shareholder guidance and regulatory review appear to have gone according to script for Martin Marietta, which is on track to promptly consummate a merger positioning it as the largest U.S.-based aggregate, cement and ready mixed producer.

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