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Ash Grove gets higher offer of $3.7 bln-$3.8 bln from third party
October 6, 2017 / 2:24 AM / 2 months ago

Ash Grove gets higher offer of $3.7 bln-$3.8 bln from third party

Oct 5 (Reuters) - U.S. cement maker Ash Grove Cement Co has received a proposal from a third party to acquire the company for an enterprise value of $3.7 billion to $3.8 billion, Ash Grove said on Thursday.

Ash Grove’s board expects the proposal to result in a superior offer for the company, the statement added.

Last month, Irish building materials firm CRH Plc said it will buy Ash Grove for a total consideration of $3.5 billion.

Reporting by Kanishka Singh; Editing by Sunil Nair

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