8-K

CRH PUBLIC LTD CO 8-K Report (Jun 18, 2018)

Filed June 18, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) has announced a significant development regarding its previously agreed-upon acquisition of Ash Grove Cement Company. The company has received the necessary regulatory approval from the U.S. Federal Trade Commission (FTC), marking the removal of the final hurdle for this substantial transaction. This approval signifies that CRH can proceed with integrating Ash Grove into its operations, a move that was initially announced in September 2017 with a total consideration of US$3.5 billion. The acquisition is now expected to close in June 2018, contingent on any unforeseen circumstances. Investors should view this regulatory clearance as a positive step, indicating the path is clear for CRH to enhance its U.S. cement manufacturing capabilities and market position through the addition of Ash Grove, a leading U.S. cement manufacturer based in Kansas.

Key Highlights

  • 1CRH has received final regulatory approval from the U.S. Federal Trade Commission (FTC) for its acquisition of Ash Grove Cement Company.
  • 2This regulatory clearance removes the last outstanding condition for the transaction to proceed.
  • 3The acquisition of Ash Grove Cement Company, initially announced on September 21, 2017, has a total consideration of US$3.5 billion.
  • 4Ash Grove Cement Company is described as a leading U.S. cement manufacturer headquartered in Overland Park, Kansas.
  • 5The transaction is anticipated to close in June 2018.
  • 6While closing is expected, there is no absolute assurance regarding the precise timing.
  • 7The filing is a Form 6-K, reporting on a significant event by a foreign private issuer.

Frequently Asked Questions

The primary purpose of this Form 6-K filing is to announce that CRH plc has received the final regulatory approval from the U.S. Federal Trade Commission (FTC) for its acquisition of Ash Grove Cement Company.

The total consideration agreed upon for the acquisition of Ash Grove Cement Company is US$3.5 billion. While this filing confirms regulatory approval, further financial details regarding the integration and future performance will likely be disclosed in subsequent filings.

CRH expects the transaction to close in June 2018. However, the company notes that there can be no assurance regarding the exact timing of the closing.

This specific filing (Form 6-K) is solely focused on the regulatory approval for the Ash Grove acquisition. It does not contain information on CRH's financial performance or future business outlook.