Private equity offer trumps Big Board listing for Hanson Building Products

摘要

Germany's HeidelbergCement AG projects a first quarter closing on the $1.4 billion sale of Hanson Building Products operations in the U.S., Eastern Canada and United Kingdom to an affiliate of Lone Star Funds, a real estate investment-centered private equity firm with Dallas, New York and Frankfurt offices. A definitive agreement on the transaction, announced late last year, superseded a Hanson Building Products Ltd. public offering HeidelbergCement had outlined three months prior in a U.S. Securities & Exchange Commission filing.