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the company's corporate website also states that it draws emphasis away from the hotel services industry they were once associated with, as they now focus on many other directions.
the company's corporate website also states that it draws emphasis away from the hotel services industry they were once associated with, as they now focus on many other directions.
Last Update: 2016-03-03
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160. the top two cement makers hope their merger isn't going to run into antitrust worries. lafarge, based in france and holcim, in switzerland, plan to put $8 billion of assets around the world up for sale in a bid to secure antitrust clearance for their merger, which would create the world's largest construction- materials company with a combined market value of about $50 billion. the companies disclosed friday that they were in advanced talks but said a deal wasn't certain. the swift progress toward completing a merger suggests the companies are confident they can overcome what are likely to be lofty antitrust hurdles. the boards of both companies approved the merger plan and holcim executives are expected in paris, france to announce the merger. it's not clear what production facilities or other assets the two companies will propose to part with as part of their agreement, or whether that will be enough to mollify regulators' likely concerns with the potential tie-up. ( online.wsj.com ) a. if the organisations sell some of their assets, they will be able to combine their operations. b. the management of one company is traveling to the national base of the other to announce their merger. c. the companies have disclosed which resources will be disposed of in order to secure their union. d. government regulators are interested in the implications of the companies' combination.
Last Update: 2024-01-18
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