# Cemex announces takeover bid for Trinidad Cement at 33.1% premium

Cemex has announced a takeover bid for Trinidad Cement Limited at a 33.1% premium. Full acceptance would result in a cash payment of approximately US$89 million.

- Type: Acquisition
- Announced: 2016-12-06
- Where: Trinidad and Tobago, Trinidad & Tobago
- Value: $89.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cemex](https://endata.com/companies/16140.md) (acquirer)
- [Trinidad Cement Limited](https://endata.com/companies/20463.md) (target)
- [Sierra Trading](https://endata.com/companies/21290.md) (acquirer)

## Sources

- [worldcement.com](https://www.worldcement.com/the-americas/06122016/cemex-announces-take-over-bid-for-trinidad-cement/), 2016-12-06: "Cemex intends to consolidate Trinidad Cement Limited and its subsidiaries."
- [wiseequities.com](https://wiseequities.com/home/news.php?id=6021), 2017-01-09: "The Revised Offer Price represents a premium of 50% over the December 1, 2016 closing price of TCL's shares in the Trinidad and Tobago Stock Exchange."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.