RIN

[obelix]

In reply to: early birds on Wednesday 29/11/06 06:53pm

I think this is bound to fall flat. Sold out and will buy back when Rinker is just Rinker again with a falling house market in Amerika. The old story about a bird in the hand........... http://www.sharescene.com/html/emoticons/wink.gif

[early birds]

In reply to: obelix on Wednesday 29/11/06 07:40pm

it's unlikely it will fall back again.

 

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Morschel said Rinker had had preliminary discussions with "a lot of players in the industry" and would consider offers from any party.

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this sound like "show me the money, and you can have the Co."!!

so, $20 plus before yeay end, anyone????

 

[obelix]

In reply to: early birds on Wednesday 29/11/06 08:02pm

There is only two players bigger and are they really into it? We talk about a big amount of money here and is the future in construction in the world not that hot except the east.

[early birds]

In reply to: obelix on Wednesday 29/11/06 08:14pm

http://www.bloomberg.com/apps/news?pid=206...F0&refer=europe

 

LaFarge wants to cash up and investing in cement market two days ago.

the timing..........or it just coincidence???? http://www.sharescene.com/html/emoticons/sadsmiley02.gif

 

whether CX will sweeten the bid or others make a count bid.

i'll hold mine.

 

 

[happy2]

In reply to: early birds on Wednesday 29/11/06 09:25pm

All revised offers will be considered, but will need to be around $23.

[early birds]

In reply to: happy2 on Wednesday 29/11/06 10:30pm

$20 plus is good enough for me Happy.

i suspect a counter bid will coming in rather really sooner.

[jazzmoo]

In reply to: early birds on Wednesday 29/11/06 11:50pm

Oh heck, EB, let's make it at least $22. At $20, I think I would still feel like I was being taken advantage of. For $22 or above, they can have me -- or rather my Rinker shares. http://www.sharescene.com/html/emoticons/biggrin.gif

[happy2]

In reply to: early birds on Wednesday 29/11/06 11:50pm

early birds, it appears many people are willing to take the $20. If the company does not get taken over, the SP will plummet regardless whether company said to be worth $23 or not.

[jazzmoo]

QUOTE (happy2 @ Wednesday 29/11/06 11:56pm)

I can't say I agree with you on that point, Happy. Look at the Coles Myer deal. It fell through and the price didn't fall back to pre-bid levels. I think with these things, it's more about the market waking up to itself about the true value of Rinker. If Cemex was to withdraw the bid, I think the market now understands that Rinker is a real jewel and could still be subject to a takeover down the track. Plus Rinker's financial performance is none to shabby, even in these supposed hard times for the US housing market.

[Fred Bloggs]

Somebody wants in. Purchased 1 million at $18.30 after the close of play today. http://www.sharescene.com/html/emoticons/ohmy.gif

Fred