Share Name Share Symbol Market Type
Ppc Limited USOTC:PPCLY Other OTC Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $0.9385 - - - 0 21:26:37

PPC Says Expression of Interest Withdrawn by CRH

07/12/2017 11:24am

Dow Jones News


Ppc Limited (USOTC:PPCLY)
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By Oliver Griffin

 

PPC Ltd. (PPC.JO) said Thursday that following an initial receipt of interest by CRH PLC (CRH) with regards to submitting an all-cash proposal to acquire a controlling stake in the company, CRH has now decided not to pursue its expression of interest.

Cement supplier PPC said that following the initial expression of interest from the building materials company, it had permitted CRH to conduct initial due diligence so that it could submit an update to its interest, including a value per share.

PPC said that on Dec. 4 it was advised by CRH that the Irish company would not be submitting an updated expression of interest and would withdraw from the process.

Due to ongoing negotiations with other investors, PPC warned shareholders to exercise caution when dealing in its securities.

Shares at 1042 GMT are down 0.34 South African rand, or 5%, at 6.55 rand.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com

 

(END) Dow Jones Newswires

December 07, 2017 06:09 ET (11:09 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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