Company Overview - Amrize Ltd (NYSE:AMRZ) is a major producer of building materials, including cement, operating the largest cement plant in the US and controlling the entire production process from reserves to product [4]. Recent Developments - On August 28, Amrize's management announced that it does not endorse a tender offer for the company's outstanding shares by TRC Capital Investment Corporation [1]. - TRC Capital proposed to purchase 2 million ordinary shares at $49.63 per share, which is 4.48% lower than the stock's closing price on August 26 [2]. Financial Performance - Amrize generated $11.7 billion in revenue in 2024, reflecting a 13% compound annual growth rate since 2021 [3]. - The company completed its 100% spin-off from Holcim and began trading on the New York Stock Exchange on June 23, 2025, at approximately $52 per share [3]. Market Position - Analysts consider Amrize one of the best cement stocks to buy, indicating strong market confidence in the company's potential [1].
Amrize AG (AMRZ) Downplays TRC Capital Tender Offer
Yahoo Financeยท2025-09-15 13:03