France’s Lafarge plans a $3 billion cash offer to buy the 46.8 percent it does not own in Lafarge North America Inc., in a move it said on Monday would streamline its operations and enhance its earnings.
The world’s biggest cement maker intends to offer minority shareholders $75 in cash for each Lafarge North America share, representing a 16.7 percent premium over the stock’s closing price on Friday, Lafarge said in a statement.
