Southdown Inc., a Houston-based cement manufacturer, said...
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Southdown Inc., a Houston-based cement manufacturer, said it is willing to offer securities for Moore McCormack Resources Inc. instead of its $450-million cash offer. Southdown’s statement was in response to a report last week that Moore McCormack’s board was considering a financial restructuring or recapitalization that could mean paying a substantial cash dividend to its shareholders to maximize the value of its stock and avoid being acquired by Southdown.
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