CEMEX announced on Tuesday that it had made significant progress in restructuring of its debt. It has managed to move the maturities of about 14.5 billion in dept out from the 2009-2011 time frame out to 2014. The move helps substantially secure the company’s short term financial stability.
Texas Industries is under pressure from an investment fund with a large stake in the company. The fund has stated their intention to nominate three members to the board due to what the fund managers call under performance relative to peers