RE:RE:The word on bay re Crh peter75 might be right. anyone else notice that the company set the date for its AGM in mid-June? This is quite rare for a company with a December 31st year end, where those companies have their AGMs early May. CRH's AGM last year was at the end of April. Perhaps a purposeful delay to June this year because of a expected pending material annoucement? There has been no insider acticity since mid-March of this year when a board member sold a small amount of shares. Perhaps managment is currently blacked out because of pending news? Thanks for the scuttlebutt peter75 - this is truly a team that does big things.
railbird wrote: peter75 wrote: there is a strong rumour according to a reliable source in the brokerage industry(not my broker) that Crh is in the throws of a large purchase on the west coast
He went so far as to say " they could be part of a three way deal that would see Crh merge with knight ,Gud and be sold at over 8.00 per share
Dont sell your house ,it could just be noise
btw the source is batting about seventy percent and has no skin with me as we are just former school mates
We shall see
This may be just rumor or it may in negotiations, but I do not doubt CRH's ability to pull off a deal of this magnitude because they have done it once already.
A second takeover with the same players and same structure is a definite possibility, if not now then sometime in the future. In fact for the right deal expect it to happen.