Precarious | Another acquisition target?
Interim results from a heavily indebted flooring company covered here suggest this business is in a very difficult position, as you can discover here. Elsewhere, a newly named lime and limestone group made a very big acquisition while the business model of a provider of royalty finance still has little shareholder appeal to us. Read on here for our usual forthright opinion on this and other news (Premium)
SigmaRoc: paid to travel rather than arrive?
SigmaRoc (AIM:SRC), the previously named “specialist quarried materials group” has agreed to acquire certain European lime businesses from CRH, the giant diversified building materials business. It has also been given Call Options to acquire certain other assets.
The total consideration payable by SigmaRoc for the lime businesses is €745m (c £645m) which is considerably greater than SigmaRoc’s current market capitalisation of £348m.
The consideration will…
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