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Trinidad Cement. (Company News).


Trinidad Trinidad (trēnēthäth`), town (1983 est. pop. 43,500), Sancti Spíritus prov., central Cuba. Tobacco processing is the chief industry, although other agricultural processing has been developed.  Cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder.  shareholders voted against a takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company
two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares
 by Cemex, maintaining a limit on any one shareholder owning more than a 20% stake in the company. Cemex already owns 20% of the company, and has offered US$295 million to acquire the rest of it.
COPYRIGHT 2002 American Chamber of Commerce of Mexico A.C.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Randewich, Noel
Publication:Business Mexico
Article Type:Brief Article
Geographic Code:5TRIN
Date:Sep 1, 2002
Words:45
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