CRH announces Pavestone acquisition will not proceed
14 January 2009
CRH plc, the international building materials group, announces that it has agreed, together with Pavestone Group LP, to withdraw the Hart-Scott-Rodino (HSR) filing for CRH’s proposed acquisition of Pavestone. These actions have been taken following the recent decision by The United States Federal Trade Commission (FTC) to authorise FTC staff to challenge the proposed acquisition. CRH and Pavestone regret that as a result the transaction will not now proceed.
Details of the proposed Pavestone acquisition were announced on 13 March 2008, with completion being subject to regulatory approvals including clearance under United States HSR legislation.
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
|Myles Lee ||Chief Executive |
|Glenn Culpepper ||Finance Director |
|Éimear O’Flynn ||Head of Investor Relations |
|Maeve Carton ||Head of Group Finance |