Special Advisory: Caribbean Cement Company Limited (CCC)
Fallback Logo

Caribbean Cement Company Limited (CCC) has advised that CEMEX has announced by way of release on January 10, 2017 that its indirect subsidiary, Sierra Trading ("Sierra"), will present a change and variation notice making an amended offer (the "Amended Offer") to the offer and take-over bid that was presented on December 5, 2016 (the "Offer") to all shareholders of Trinidad Cement Limited ("TCL"), to acquire up to 132,616,942 ordinary shares in TCL, which together with Sierra’s existing share ownership in TCL of approximately 39.5%, would, if successful, result in Sierra holding up to 74.9% of the equity share capital in TCL. Pursuant to the Amended Offer, Sierra will offer TT$5.07 in cash per TCL share (the "Revised Offer Price"). The Revised Offer Price represents a premium of 50% over the December 1, 2016 closing price of TCL’s shares in the Trinidad and Tobago Stock Exchange. Among other conditions, the Offer, as amended by the Amended Offer, will be conditional on Sierra acquiring at least an amount of TCL shares that would allow CEMEX, for financial reporting purposes, to consolidate TCL. Unless extended, the Offer period, as amended by the Amended Offer, is expected to close on January 24, 2017 at 3:00 p.m. Trinidad and Tobago time. All other terms and conditions of the Offer not modified by the Amended Offer remain unchanged. The Offer relates to TCL shares only and not the shares of CCC or any other subsidiary company of TCL.

More Stories from the Market
shutterstock_453968572
January 21, 2026   Wigton Windfarm Limited (WIG) has advised that it has successfully concluded the sale of its property located at Lot 28 …
shutterstock_342262439
January 21, 2026   Wigton Windfarm Limited (WIG) has advised that at a meeting of its Board of Directors to be held on January 29, 2026, a …
shutterstock_453968572
January 21, 2026 United States:   US Home-Purchase Applications Climb to Highest Since 2023   US mortgage applications for home purch…
shutterstock_453968572
January 20, 2026   NCB Financial Group Limited (NCBFG) has  advised of the following leadership changes at its major Jamaican banking subsi…
shutterstock_537598660
January 20, 2026 Weekly Pick 20.01.2026 JAMT Disclaimer: Analyst Certification -The views expressed in this research report accurately reflec…
shutterstock_453968572
January 20, 2026 Dollar Hits Two-Week Low as Tariff Threats Stoke Volatility   The dollar fell to its lowest level in two weeks and curr…
shutterstock_453968572
January 19, 2026   Jamaica Broilers Group Limited (JBG) has advised that its Board of Directors has engaged Cube Corporate Support Limited …
shutterstock_68191825
January 19, 2026 The euro area’s annual inflation rate was 1.9% in December 2025, down from 2.1% in November. A year earlier, the rate was 2.4%. Si…