On Monday, Shares of Cemex SAB de CV (ADR) (NYSE:CX), included 2.33% and shut at $7.89 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $7.80 and $8.06. The business’ commercial center capitalization is $10.73 Billion with the aggregate fabulous loads of 0.00. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) declared recently that it has closed the sale of certain assets in the U.S. to Grupo Cementos de Chihuahua, S.A.B. de C.V. (“GCC”) for about U.S.$306 million.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.
The assets sold by an associate of CEMEX in the U.S. to an associate of GCC in the U.S. consist of CEMEX’s cement plant in Odessa, Texas, two cement terminals and the building materials business in El Paso, Texas and Las Cruces, New Mexico.
Citigroup acted as financial advisor to CEMEX in this transaction.
CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries. Celebrating its 110th anniversary, CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.
Shares of J C Penney Company Inc (NYSE:JCP), subtract -1.16% and shut at $9.36 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $9.23 and $9.55. The association’s commercial center capitalization is $2.89 Billion with the general uncommon loads of 307.73 million. J. C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating. As of January 30, 2016, it operated about 1,021 department stores in 49 states and Puerto Rico.