8-K

CRH PUBLIC LTD CO 8-K Report (Oct 6, 2017)

Filed October 6, 2017For Securities:CRH

Summary

CRH Public Limited Company (CRH) issued a Form 6-K on October 6, 2017, providing an update on its previously announced agreement to acquire Ash Grove Cement Company ("Ash Grove"). The acquisition, initially agreed upon on September 21, 2017, for a total consideration of $3.5 billion, is a significant move for CRH into the US cement manufacturing market. The company notes that the transaction is still subject to Ash Grove shareholder and regulatory approvals. This filing specifically highlights a recent announcement from Ash Grove on October 5, 2017, which indicates an extension in the period required to obtain Ash Grove shareholder approval. While not an outright delay or issue, this extension suggests that the timeline for closing the acquisition may be adjusted. Investors should monitor future filings for confirmation of shareholder and regulatory approvals and any further updates on the transaction timeline.

Key Highlights

  • 1CRH plc is acquiring Ash Grove Cement Company for a total consideration of US$3.5 billion.
  • 2The acquisition is subject to both Ash Grove shareholder and regulatory approvals.
  • 3CRH notes an announcement by Ash Grove on October 5, 2017, regarding an extension of the shareholder approval period.
  • 4This filing serves as an update on the status of the Ash Grove acquisition.
  • 5The transaction represents a significant entry for CRH into the US cement manufacturing sector.

Frequently Asked Questions

The main purpose of this filing is to provide an update on CRH's agreement to acquire Ash Grove Cement Company, specifically noting a recent announcement from Ash Grove about an extension in the shareholder approval period.

No, the acquisition has not been completed. It is still subject to Ash Grove shareholder and regulatory approvals. The filing notes an extension in the period for obtaining shareholder approval.

The total consideration for the acquisition of Ash Grove Cement Company is US$3.5 billion.

The next steps involve obtaining the necessary approvals from Ash Grove shareholders and relevant regulatory bodies. Investors should watch for future announcements regarding the progress of these approvals and any potential impact on the closing timeline.