Cemex To Make Secondary Share Offering

Mexico’s Cemex, the world’s third-largest cement producer is to make a global secondary share offering of nearly 27 million ADS, with an over-allotment of 3.99 million, to help pay futures contracts and debt obligations. Cemex ADSs are traded on the New York Stock Exchange and are well considered by investors. The company recently announced it expected third-quarter results this year to be up on forecasts.