Edition:
United States

CRH PLC (CRH.L)

CRH.L on London Stock Exchange

2,638.00GBp
22 Nov 2017
Change (% chg)

-35.00 (-1.31%)
Prev Close
2,673.00
Open
2,655.00
Day's High
2,688.00
Day's Low
2,638.00
Volume
2,269,130
Avg. Vol
2,262,325
52-wk High
3,342.00
52-wk Low
2,559.00

Latest Key Developments (Source: Significant Developments)

PPC says independent board to not recommend offer by Fairfax Africa Investments
6:20am EST 

Nov 22 (Reuters) - PPC Ltd - :‍RECOMMENDATION OF INDEPENDENT BOARD NOT TO ACCEPT OFFER BY FAIRFAX AFRICA INVESTMENTS PROPRIETARY LIMITED ("FAIRFAX").‍PPC WILL NOT CONVENE A GENERAL MEETING OF SHAREHOLDERS FOR PURPOSES OF APPROVING PROPOSED MERGER​.‍TAKEOVER REGULATION PANEL HAS GRANTED FAIRFAX AN EXTENSION OF DATE BY WHICH IT IS REQUIRED TO POST PARTIAL OFFER CIRCULAR UNTIL 12 DECEMBER 2017​.‍PPC IS CONTINUING ITS ENGAGEMENTS WITH CRH AND LH REGARDING THEIR RESPECTIVE NON-BINDING EXPRESSIONS OF INTEREST​.  Full Article

CRH says has capacity for further deals after fresh U.S move
Tuesday, 21 Nov 2017 04:07am EST 

Nov 21 (Reuters) - CRH Plc :CRH says paying average 10x 2017 FY EBITDA, 8x post-synergies for $3.5 billion Ash Grove, $0.75 billion Florida cement deals.CRH says has identified $80 million of synergies from ash grove acquisition over three years.CRH CEO says recent acquisitions very deliberate attempt to refocus group on U.S. and higher growth states.CRH CFO says still has capacity on balance sheet to do further deals as they present themselves.CRH CEO says would not expect any significant deals in new geographies.  Full Article

CRH sees FY earnings rising above 3.2 billion euros ​
Tuesday, 21 Nov 2017 02:10am EST 

Nov 21 (Reuters) - CRH Plc :‍Sales increased by 2 percent to 20.7 bln euros in first nine months compared with corresponding period in 2016​.‍EBITDA for nine months to end of September 2017 was 2.43 billion euros, an increase of 2 percent compared with 2016​.‍Continue to expect another year of progress for the group; with current momentum continuing for remainder of year​.‍EBITDA including discontinued operations estimated to be in excess of eur 3.2 billion (2016 reported: eur 3.13 billion)​.‍To date in 2017, group spent 1.34 billion euros on 27 acquisition/investment transactions​.‍Expect year-end net debt to be in line with last year​.  Full Article

Ash Grove shareholders approve $3.5 bln sale to CRH
Monday, 23 Oct 2017 02:10am EDT 

Oct 23 (Reuters) - Crh Plc :‍CRH has now received Ash Grove shareholder approval for proposed acquisition at a total consideration of $3.5 billion​.  Full Article

Ash Grove Cement announces stockholder approval of pending acquisition by CRH Plc
Friday, 20 Oct 2017 05:05pm EDT 

Oct 20 (Reuters) - CRH Plc :Ash Grove Cement Company announces stockholder approval of pending acquisition by CRH Plc.Ash Grove Cement Co - ‍merger with CRH Plc approved by stockholders holding more than majority of outstanding voting stock, acting by written consent​.  Full Article

CRH Plc says ‍proposed deal remains subject to Ash Grove shareholder, regulatory approvals​
Friday, 6 Oct 2017 02:00am EDT 

Oct 6 (Reuters) - CRH Plc : :CRH Plc announces acquisition update -- Ash Grove Cement.Says ‍proposed transaction remains subject to Ash Grove shareholder and regulatory approvals​.  Full Article

BEACON ROOFING ANNOUNCES EXPIRATION OF HART-SCOTT-RODINO WAITING PERIOD FOR ALLIED BUILDING PRODUCTS ACQUISITION
Wednesday, 4 Oct 2017 10:02am EDT 

Oct 4 (Reuters) - Beacon Roofing Supply Inc ::BEACON ROOFING SUPPLY ANNOUNCES THE EXPIRATION OF THE HART-SCOTT-RODINO WAITING PERIOD FOR ITS ACQUISITION OF ALLIED BUILDING PRODUCTS.‍TRANSACTION IS EXPECTED TO CLOSE ON JANUARY 2, 2018​.  Full Article

Ash Grove Cement announces Sale to CRH
Wednesday, 20 Sep 2017 10:39pm EDT 

Sept 20 (Reuters) - Ash Grove Cement Co :Ash Grove Cement announces sale to CRH.Transaction has been unanimously approved by board of directors of Ash Grove and is currently expected to close in late 2017 or early 2018.J.P. Morgan Securities LLC is serving as financial advisor to Ash Grove & Skadden, Arps, meagher & Flom LLP is serving as legal advisor.  Full Article

CRH to buy Ash Grove Cement for $3.5 bln
Wednesday, 20 Sep 2017 10:27pm EDT 

Sept 20 (Reuters) - CRH Plc :CRH agrees US$3.5 bln acquisition of Ash Grove Cement.Says transaction is expected to close around year end 2017.Deal will be financed through existing financial resources.  Full Article

CRH not anticipating any more large divestments over medium term
Thursday, 24 Aug 2017 04:27am EDT 

Aug 24 (Reuters) - CRH Plc :CRH CEO says UK market looks fairly stable for rest of year and into 2018 after Brexit volatility.CRH CFO says can add 2.2 billion euro from U.S. disposal to 2-3 billion euros already available for acquisitions in next 18 months.CRH CFO says priority is to reinvest capital in acquisitions rather than share buyback or special dividends.CRH CEO says does not anticipate any more large divestments in the short to medium term.  Full Article

UPDATE 1-Board of South Africa's PPC rejects Fairfax offer, AfriSam merger

* PPC shares up more than 2 pct (Adds details, share price, background)