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June 8, 2007 | From the Associated Press
Cemex of Mexico became the world's largest supplier of building materials Thursday after it won a majority stake in Australia's Rinker Group Ltd., overcoming concerns of potential dominance in some U.S. markets. Cemex announced it had won acceptance of its $14.3-billion takeover bid from shareholders representing 50.3% of Rinker stock. The buyout -- which comes as Dutch firm Mittal Steel Co.
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