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A sweetened US$14.2 billion ($19.5 billion) takeover bid for Rinker Group from Mexican cement giant Cemex is likely to succeed, analysts say.
Cemex on Tuesday lifted its initial takeover offer for the Australian construction materials company, with the recommendation of Rinker's directors.
If successful, it would be the largest takeover in Australian corporate history - unless, that is, the retailer and takeover target Coles Group fetches the expected A$20 billion mark.