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Sydney - Mexico's Cemex said yesterday it had increased its interest in takeover target Rinker, as it pushes shareholders to accept its US$14 billion ($18.9 billion) takeover bid.
Cemex, the world's No 3 cement maker, said its holding in Rinker rose to 34.1 per cent from 32.59 per cent in its previous update.
Cemex has extended the deadline for its offer to June 22 from June 8. Last month it lowered the level of acceptances needed for a successful bid from 90 per cent to 50 per cent.
- REUTERS
