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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  CRH PLC    CRH   IE0001827041

CRH PLC (CRH)
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CRH : Acquisition update - Ash Grove Cement

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10/06/2017 | 08:16am CEST

TIDMCRH

RNS Number : 8835S

CRH PLC

06 October 2017

Press Release

Acquisition update - Ash Grove Cement

6 October 2017

On 21 September 2017, CRH plc announced that it had reached an agreement to acquire Ash Grove Cement Company ("Ash Grove"), a leading US cement manufacturer headquartered in Overland Park, Kansas, for a total consideration of US$3.5 billion. The proposed transaction remains subject to Ash Grove shareholder and regulatory approvals.

CRH notes the announcement made by Ash Grove on 5 October 2017 and in particular that the period for obtaining Ash Grove shareholder approval has been extended.

****

For further information contact CRH plc at +353 1 404 1000

   Albert Manifold            Chief Executive 
   Senan Murphy             Finance Director 
   Frank Heisterkamp      Head of Investor Relations 

Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin 2, R02 R279, Ireland

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQLFFVVISLEIID

Stocks mentioned in the article
ChangeLast1st jan.
ASH GROVE CEMENT CO -0.03% 531.1 Delayed Quote.3.16%
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Financials (€)
Sales 2018 27 164 M
EBIT 2018 2 467 M
Net income 2018 1 690 M
Debt 2018 5 814 M
Yield 2018 2,50%
P/E ratio 2018 14,59
P/E ratio 2019 12,54
EV / Sales 2018 1,11x
EV / Sales 2019 1,02x
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 34,5 €
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Albert Jude Manifold Chief Executive Officer, COO & Executive Director
Nicholas Hartery Non-Executive Chairman
Senan Murphy Group Finance Director & Executive Director
Heather Ann McSharry Independent Non-Executive Director
Donald A. McGovern Senior Independent Non-Executive Director
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