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Topic: Adolf Merckle


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  Adolf Merckle - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-10-17)
Adolf Merckle (1935-) Is businessman from Germany and one of the richest people in the world with a net worth estimated at $5.3 billion.
Merckle was born in Dresden, Germany to a wealthy family.
Merckle's inheritance mostly came from ownership in pharmaceutical companies.
www.phatnav.com /wiki/index.php?title=Adolf_Merckle   (131 words)

  
 Merckle Seeks HeidelbergCement Takeover   (Site not responding. Last check: 2007-10-17)
Merckle ranked No. 101 on the Forbes magazine list of the world's billionaires in 2003, with a net worth of $3.3 billion.
Merckle owns a considerable proportion of the shares, so he doesn't need to offer such a premium,'' said Richard Wiseman, head of European equities at Insight Investment, which manages $126 billion and holds about 1 percent of HeidelbergCement.
Merckle controlled 54.7 percent of Koetitzer's votes at the end of 2004.
www.aggregateresearch.com /extarticle.asp?id=6571   (945 words)

  
 Bloomberg.com: Europe
June 13 (Bloomberg) -- Billionaire investor Adolf Merckle, whose Spohn Cement GmbH is making an unsolicited 6.52 billion-euro ($7.9 billion) offer for HeidelbergCement AG, Germany's biggest cement maker, is trying to buy the company on the cheap.
Merckle sits on HeidelbergCement's board along with his son Ludwig and already is the company's second-biggest investor.
The 19 percent premium offered by Merckle's Spohn compares with 43 percent offered by Mexico's Cemex SA when the world's third-largest cement maker acquired RMC Group Plc of the U.K. Aggregate Industries Plc investors got a 40 percent premium when Holcim Ltd. of Switzerland, the world's No. 2, bought the company.
www.bloomberg.com /apps/news?pid=10000085&sid=aast96mjllV0   (749 words)

  
 Bloomberg.com: Germany   (Site not responding. Last check: 2007-10-17)
June 13 (Bloomberg) -- Billionaire investor Adolf Merckle, whose Spohn Cement GmbH is making an unsolicited 6.52 billion-euro ($7.9 billion) offer for HeidelbergCement AG, Germany's biggest cement maker, is trying to buy the business on the cheap.
Merckle, 71, sits on HeidelbergCement's board along with his son Ludwig and already is the company's second-biggest investor.
The 19 percent premium offered by Merckle's Spohn compares with 43 percent paid by Mexico's Cemex SA when the world's third- largest cement maker acquired RMC Group Plc of the U.K. Aggregate Industries Plc investors got a 40 percent premium when Holcim Ltd.
www.bloomberg.com /apps/news?pid=10001060&refer=movers_by_index&sid=aosdmI3Drc2I   (917 words)

  
 [No title]   (Site not responding. Last check: 2007-10-17)
HeidelbergCement shares have risen 20 percent since a vehicle controlled by German billionaire Adolf Merckle, Spohn Cement, bid 60 euros a share for the company in late June.
The Merckle family, which has held HeidelbergCement shares for decades and is represented in its supervisory board, has bid to protect its investment from takeover.
"The Merckle family has a good overview and they would not have paid 60 euros and expect another crisis in the industry," said Erhard Schmitt, a buy-side analyst at Helaba Trust.
today.reuters.com /business/newsArticle.aspx?type=basicIndustries&storyID=nL09242843   (554 words)

  
 Bloomberg.com: Top Worldwide   (Site not responding. Last check: 2007-10-17)
German billionaire Adolf Merckle, who owns Phoenix, Europe's second-biggest drug wholesaler, is one of HeidelbergCement's biggest shareholders.
``The Merckle family is strengthening its hand,'' said Christoph Schlienkamp, an analyst at Dusseldorf, Germany-based Bankhaus Lampe.
Merckle, who was No. 78 on the Forbes magazine world's richest people list in 2003, may have vetoed a planned sale of the building-materials division, the newspaper said.
quote.bloomberg.com /apps/news?pid=10000087&sid=aQ0onuWE5pTg   (418 words)

  
 HeidelbergCement Shareholders May Tender Stock Today   (Site not responding. Last check: 2007-10-17)
Shareholders of HeidelbergCement AG, Germany's largest cement maker, may today begin tendering their stock to Adolf Merckle's Spohn Cement AG after the billionaire investor formalized a 5.8 billion-euro ($7 billion) takeover bid.
Merckle, who began his surprise bid two weeks ago, doesn't plan to delist HeidelbergCement or change its strategy and management board, Spohn said.
Spohn, based in Norderfriedrichskoog, northern Germany, is an investment vehicle controlled by Merckle's Koetitzer Ledertuch-und Wachstuch-Werke AG and other companies that are owned by his three sons and wife Jutta.
www.cementchina.net /news/shownews.asp?id=1103   (381 words)

  
 HeidelbergCement Profit Gains on U.S., Asian Prices   (Site not responding. Last check: 2007-10-17)
HeidelbergCement AG, the German cement-maker that's being bought by billionaire Adolf Merckle, said second-quarter profit surged 41 percent on higher selling prices in the U.S. and Asia.
Net income advanced to 217.8 million euros ($270 million) as sales rose 13 percent to 2.14 billion euros, the Heidelberg-based company, majority-owned by Merckle after a 5.8 billion-euro bid, said in a statement today.
Merckle sits on HeidelbergCement's board along with his son Ludwig.
www.cementchina.net /news/shownews.asp?id=1214   (604 words)

  
 Takeover bid values HeidelbergCement at 6.5 billion euros | newratings.com   (Site not responding. Last check: 2007-10-17)
The bid late Friday came from a previously unnoticed investment vehicle, Spohn Cement, but news reports Saturday said it was acting on behalf of Adolf Merckle, a German industrialist who sits on the HeidelbergCement supervisory board.
Merckle's main interests are in the pharmaceuticals industry, but he has a web of shareholdings via other companies and currently controls 12.8 per cent of HeidelbergCement, news reports said.
A spokeswoman for HeidelbergCement declined comment on the 60-euro-per-share offer, which entails nearly a 20-per-cent premium over the Friday evening closing price of 50.25 euros for the stock.
www.newratings.com /analyst_news/article_867860.html   (261 words)

  
 Legal Week Student   (Site not responding. Last check: 2007-10-17)
Gleiss, Herbert Smith’s German ally, is advising Spohn Cement, in which German billionaire investor Adolf Merckle has a majority stake.
Merckle already has a 12.8% stake in HeidelbergCement, the world’s fourth-largest producer of ready-mix cement.
The unsolicited bid for HeidelbergCement was launched on 10 June.
www.legalweekstudent.net /ViewItem.asp?id=24656   (254 words)

  
 Bid For HeidelbergCement Expected To Succeed | newratings.com   (Site not responding. Last check: 2007-10-17)
1148 GMT [Dow Jones] Bankhaus Lampe analyst Christophe Schlienkamp expects the Schwenk family to sell 22.4% share in HeidelbergCement (HEI.XE) to Spohn Cement's Adolf Merckle.
Also expects HeidelbergCement to delist by end of '06 at the latest when Spohn bid is sealed.
Merckle is related to the Schwenck family through his wife.
www.newratings.com /analyst_news/article_868875.html   (215 words)

  
 Forbes.com: Forbes World's Richest People 2004   (Site not responding. Last check: 2007-10-17)
His portfolio includes a 56% share of $19.4 billion(revenues) Phoenix Pharmahandel, Germany's largest pharmaceutical wholesaler; also Merckle GmbH, one of the country's oldest drugmakers.
As if that weren't enough, add Ratiopharm, one of Europe's leading generic drug producers, oft cited as the most commonly prescribed pharmaceutical brand in Germany.
Born in Dresden, a lawyer by trade, Merckle is said to be an enthusiastic mountain climber and skier.
www.forbes.com /finance/lists/10/2004/LIR.jhtml?passListId=10&passYear=2004&passListType=Person&uniqueId=2ORL&datatype=Person   (400 words)

  
 Forbes.com: Forbes World's Richest People 2002   (Site not responding. Last check: 2007-10-17)
Pharmaceuticals form the basis of Adolf Merckle's fortune.
Developed his Bohemian grandfather's chemical wholesale company into Germany's largest pharmaceutical wholesaler, $7 billion (sales) Phoenix Pharmahandel.
Add to that the private-label and generic-drug maker Merckle Group, and interests in an investment management company, cement and cane sugar.
www.forbes.com /finance/lists/10/2002/LIR.jhtml?passListId=10&passYear=2002&passListType=Person&uniqueId=2ORL&datatype=Person   (332 words)

  
 Merckle wins mastery of HeidelbergCement company | newratings.com   (Site not responding. Last check: 2007-10-17)
Tuesday, July 26, 2005 11:08:48 AM ET LexisNexis
Deutsche Presse-AgenturGerman billionaire Adolf Merckle has won control of building materials supplier HeidelbergCement, his takeover company Spohn Cement said Tuesday, hours before an offer to existing shareholders expired.
Merckle, who has been a longtime minority shareholder in Germany's biggest building supplies group, held 51.53 per cent of Heidelberg via Spohn or his relatives after acceptances were received for 23,183,844 shares.
www.newratings.com /analyst_news/article_937156.html   (191 words)

  
 HeidelbergCement Gets $7.9 Billion Buyout Bid   (Site not responding. Last check: 2007-10-17)
HeidelbergCement AG, Germany's largest cement maker, received a buyout offer of 6.52 billion euros ($7.9 billion) from Spohn Cement GmbH as billionaire investor Adolf Merckle seeks to gain control of the company.
Spohn, an investment firm owned by Koetitzer Ledertuch-und Wachstuch-Werke AG, offered to buy the Heidelberg-based company at 60 euros a share.
Koetitzer is majority-owned by Merckle, who holds a 13 percent stake in HeidelbergCement.
www.cementchina.net /news/shownews.asp?id=1042   (351 words)

  
 German Cement Mixes It Up [Fool.com: Motley Fool Take] June 14, 2005
In fact, according to a report published by MarketWatch yesterday, this latest acquisition is not so much a spontaneous purchase as it is a picking-up-some-loose-pieces deal.
Privately held Spohn, it seems, has a familial connection to a gentleman by the name of Adolf Merckle, who owns 13% of HeidelbergCement directly, and 22% more of the company through his ownership interest in Spohn.
So in this respect, the cement consolidation begins to resemble another recent merger/reorganization with a family twist -- last year's creation of Mittal Steel (NYSE: MT).
fool.com /news/mft/2005/mft05061416.htm?logvisit=y&...&bounce=y   (451 words)

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