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About Us - Press Release - CEMEX announces that it will terminate withdrawal rights when its offer to acquire Rinker is declared unconditional

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About Us - Press Release - CEMEX announces that it will terminate withdrawal rights when its offer to acquire Rinker is declared unconditional

publishDate1 Thu, 10 May 2007 20:01:00 +0000

publishDate2 May 10, 2007 8:01:00 PM

publishDate3 May 10, 2007

  • Media
  • Press Releases
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CEMEX announces that it will terminate withdrawal rights when its offer to acquire Rinker is declared unconditional

May 10, 2007


CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that CEMEX will terminate withdrawal rights which arise under Rule 14d-7 and Section 14(d)(5) of the Securities Exchange Act of 1934, described in Section 7.3 of the Bidder's Statement if, and on the date that, its Offer to acquire shares of Rinker Group Limited ("Rinker") (ASX: RIN, NYSE ADR: RIN) is declared unconditional.

As previously announced, CEMEX will declare its Offer to be unconditional if CEMEX's aggregate interest in Rinker Shares exceeds 50% on or before June 8, 2007. If CEMEX's aggregate interest in Rinker exceeds 50% on or before May 31, 2007, then on a day that is no earlier than May 18, 2007, CEMEX will waive the 90% minimum acceptance condition, declare the Offer unconditional and such withdrawal rights will lapse. If CEMEX's aggregate interest in Rinker exceeds 50% on a date after May 31, 2007 and on or before June 8, 2007, which will result in an automatic statutory extension of the Offer Period for 14 days after that time, CEMEX will waive the 90% minimum acceptance condition, declare the Offer unconditional and CEMEX will terminate such withdrawal rights on such date. Rinker security holders should withdraw their tenders immediately if their willingness to tender into the Offer would be affected by a waiver of the minimum acceptance condition.

CEMEX is a growing global building solutions company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.

###

This document includes "forward-looking statements." These statements contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. All statements other than statements of historical facts included in this document, including, without limitation, those regarding CEMEX's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to CEMEX's products and services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of CEMEX to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding CEMEX's operations and present and future business strategies and the environment in which CEMEX will operate in the future. These forward-looking statements speak only as of the date of this document. Accordingly, there can be no assurance that such statements, estimates or projections will be realized. None of the projections or assumptions in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such projections have been prepared are correct or exhaustive or, in the case of assumptions, fully stated in this press release. CEMEX expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking information contained herein to reflect any change in CEMEX's results or expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by law. The projections and forecasts included in the forward-looking statements herein were not prepared in accordance with published guidelines of the American Institute of Certified Public Accountants, the Commission or any similar body or guidelines regarding projections and forecasts, nor have such projections or forecasts been audited, examined or otherwise reviewed by the independent auditors of the Company. You should not place undue reliance on these forward-looking statements.

Contact Information

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Jorge Pérez
+52 (81) 8888-4334

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Eduardo Rendón
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Ricardo Sales
(212) 317-6008

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Martin Debelle
+61 2 9252-0622

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