The Mexican wave hits "Down under"!

It seems that the mexican wave has indeed hit down under.Cemex,a cement maker has just takenover Rinkler,its australian counterpart.in what seems to be the biggest deal of its kind in mexico,Cemex upped its bid from 11B$ to that of nearly 15B$ including a 1B of Rinklers debt.the first bid was naturally given the heigh-ho by the Rinkler board.and then with Cemex offering a higher second bid,Perpetual, a key institutional investor, said it would accept the revised offer.
now with the shareholders alos backing the deal,it is therefore official that this will make the 15th takeover by Cemex in the building materials sector.that said the very same deal is the biggest that Mexico has seen.also the deal makes Cemex one of the world's top three building materials supplier.but of course the question does remain if Cemex intends only to concentrate on it traditional area like cemetn or if they plan to diversify thier 'areas of intrest'.as such Cemex has gone gobal and its reach is getting far and wide.with the Rinkler's board stepping down for the new directors from Cemex,the cement has truly set in!