The New York Stock Exchange announced that trading in the American Depositary Shares of Rinker Group Ltd. – ticker symbol “RIN” – will be suspended as of July 17, 2007.
As a result of the completion by Cemex S.A.B. de C.V. (Cemex) of the initial tender (that expired at 9 AM, New York time on July 16, 2007) in connection with its offer to purchase all of the outstanding common shares of Rinker which it already did not own, less than 600,000 ADSs remain publicly held.
The NYSE said it normally considers suspending the securities of a company when the number of outstanding shares is less than 600,000 American Depositary Shares (ADSs).
The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable. -NYSE
