Statement re Acquisition

RNS Number : 6617L

CRH PLC

14 January 2009

 



N E W S      R E L E A S E

14 January 2009

CRH ANNOUNCES

PAVESTONE ACQUISITION WILL NOT PROCEED

CRH plc, the international building materials group, announces that it has agreed, together with Pavestone Group LP, to withdraw the Hart-Scott-Rodino (HSR) filing for CRH's proposed acquisition of Pavestone. These actions have been taken following the recent decision by The United States Federal Trade Commission (FTC) to authorise FTC staff to challenge the proposed acquisition. CRH and Pavestone regret that as a result the transaction will not now proceed.

Details of the proposed Pavestone acquisition were announced on 13 March 2008, with completion being subject to regulatory approvals including clearance under United States HSR legislation.

Contact CRH at Dublin 404 1000 ([phone])

Myles Lee, Chief Executive

Albert Manifold, Chief Operating Officer

Glenn Culpepper, Finance Director

Éimear O'Flynn, Head of Investor Relations

Maeve Carton, Group Controller

CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland TELEPHONE [phone]  FAX [phone]

E-MAIL: [e-mail] WEBSITE: www.crh.com. Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland

 

END

 

 

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