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FTC REQUESTS ADDITIONAL INFORMATION ON HANSON OFFER FOR BEAZER

     FTC REQUESTS ADDITIONAL INFORMATION ON HANSON OFFER FOR BEAZER
    NEW YORK, Nov. 7 /PRNewswire/ -- Hanson PLC (ADR - NYSE: HAN) and Beazer PLC (ADR - NYSE: BZR) announced today that they have received a request for additional information from the Federal Trade Commission (FTC) in connection with Hanson's offer for Beazer.
    The request, which is routine in nature, relates to Beazer's 50 percent interest in Cencal (a joint venture) which imports cement into Northern California, the area in which Kaiser Cement, a Hanson subsidiary, has its main cement operations and to Kaiser Cement's sales of $5.8 million per annum of limestone aggregates.  Approximately $2 million of Kaiser Cement's aggregate sales are made to Kaiser Sand and Gravel, a subsidiary of Beazer.  Cencal had a turnover of $13.8 million last year, on which it suffered a net loss before tax of approximately $1.7 million.  Cencal has a market share in the area concerned of approximately 6 percent.
    Hanson and Beazer intend to comply promptly with the request for information, and have offered to divest or hold Cencal separate if requested by the FTC.  With respect to the aggregate sales by Kaiser Cement, Hanson believes that no effect on competition will result and intends to promptly present information to the FTC in support of its position.  The Hart-Scott-Rodino waiting period will expire on the 20th calendar day after substantial compliance with the request unless sooner terminated by the FTC.
    The initial offer period is currently scheduled to expire at 3 p.m. London time, 10 a.m. New York City time on Monday, Nov. 18.  An extension of the initial offer period may be required if the FTC has not completed its review or agreed a hold separate or divestiture agreement by that time.
    Warrants
    Hanson PLC also confirmed that application has been made to the London Stock Exchange and the American Stock Exchange for the listing of the New Hanson warrants.  The existing Hanson warrants are currently listed on the London Stock Exchange and an application has also been made to list them for trading on the American Stock Exchange.
    Trading on a when-issued basis is expected to commence in New York in the new Hanson warrants as a separate class of securities, on the business day following the date on which the offer becomes or is declared unconditional in all respects.  Trading is expected to commence in London in the new Hanson warrants at the same time.
    Hanson intends to seek the consent of the holders of the existing Hanson warrants to combine the existing Hanson warrants with the new Hanson warrants.  If such consent is obtained and such warrants are combined, Hanson contemplates that the existing Hanson warrants and the new Hanson warrants will then trade as a single class of securities on the London Stock Exchange and the American Stock Exchange.
    -0-              11/7/91
    /CONTACT:  Robert M. Brier of Hanson Industries, 212-826-0098/
    (HAN BZR) CO:  Hanson PLC; Beazer PLC ST: IN:  CST SU: CK -- NY052 -- 2206 11/07/91 12:08 EST
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Publication:PR Newswire
Date:Nov 7, 1991
Words:506
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