CEMEX and the Rinker Acquisition

CEMEX AND THE RINKER ACQUISITION
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CEMEX is a Mexican corporation that is well-known in the worldwide marketplace for exceptional execution and quick acquisition expansion. The corporation fared exceptionally well in its acquisition process through purchasing, financing, integrating, increasing, and finally paying off (Moffett, 2017). The corporation was among the top largest cement companies in the early 1990s, with assets in more than 50 nations. It was the world's largest cement maker, producing numerous types of cement for diverse applications. Wholesalers, industrial clients, contractors, and ready-mix concrete companies were among the recipients of the cement. CEMEX received the required 90% shareholder approval in the Rinker Group Limited takeover process in 2007, after paying the business $15 billion. Rinker Group Limited was an Australian building materials company with diversification and strength on its ready-mix concrete component manufacturing, However, during the financial crisis of 2007-2008, the corporation was forced to respond as discussed in this paper.
CEMEX, the world's third-largest cement producer, encountered financial difficulties during the 2007-2008 crisis. After years of aggressive acquisition, it employed some of its products to shore up its foundation. The company's experienced $18 billion financial stretch in debt with uncertainty over refinancing talks. On New York Stock Exchange, its American depositary receipts had plummeted from approximately $40 per share in the summer of 2007 to $9.50 (Moffett, 2017). CEMEX’s ordinary shareholders claimed to have slipped off the Forbes billionaires list during that year due to t...