On May 14, 2007, Holcim Group (“Holcim”) and the Corporation announced that they had entered into a support agreement (the “Support Agreement”) whereby an indirect, wholly-owned subsidiary of Holcim will offer CAD $40.25 cash per share for all outstanding Class A Subordinate Voting Shares that Holcim does not already own and CAD $40.25 cash per share for all outstanding Class 1 Special Shares (the “Offers”). The Offers are subject to the terms and conditions of the Support Agreement and a take-over bid circular relating to the Offers. The take-over bid circular relating to the Offers is expected to be mailed to shareholders on or about May 29, 2007 and the Offers are expected to expire on or after July 3, 2007.Shareholders of record on June 22, 2007 who tender their shares to the Offers will still be eligible to receive the dividend payable on August 1, 2007 even if they tender their shares prior to the record date.
St. Lawrence Cement Group is a leading producer and supplier of products and services for the construction industry, namely cement, concrete, aggregates and construction. The company operates in Canada and on the eastern seaboard of the United States, and employs a total of 3,300 people.
