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Mexican cement giant Cemex yesterday increased its offer to Trinidad Cement Limited (TCL) shareholders as it moves to take over control of the local company.
In a media release, Cemex announced that through its indirect subsidiary Sierra Trading, it had increased its takeover offer from $4.50 to $5.07 per share. As part of the amended offer, the company also gave TCL shareholders, with the exception of those in... more
Overall market activity resulted from trading in 14 securities of which five advanced, five declined and four traded firm.
Trading activity on the First Tier Market registered a volume of 218,172 shares crossing the floor of the Exchange valued at $4,806,676.63. Trinidad Cement Limited was the volume leader with 121,560 shares changing hands for a value of $551,784.60, followed by Scotiabank T&T Limited with a... more