Grains of truth
it’s time to renew our focus on our founding mission to connect the world through games and our vision to make play and social games a mass market activity,” Pincus said in a statement.
“I am returning to the company that I love in order to accelerate innovation in the most popular categories like Action Strategy and strengthen our focus on our core areas like Invest and Express.”
Last year the two companies announced plans to create a cement titan employing more than 130,000 people, which would generate annual sales of 32 billion euros (US$34 billion) and underlying profits of 6.5 billion euros -- a major event in the global construction industry.
The merger still must be approved by twothirds of shareholders at each of the two companies at special general assemblies.
In March the two companies renegotiated the exchange ratio for the merger -- nine Holcim shares for 10 Lafarge shares -- after the sharp rise in the Swiss franc drove up Holcim’s value.
Analysts with Vontobel warned Thursday that “recent news flow regarding the shareholders opposition” to the merger indicated the chance of the deal going through had dropped to just 50 percent from its previous estimate of 75 percent.
Olsen himself said Thursday the merged company, if approved, would be headquartered in Switzerland’s financial capital of Zurich.
He and his family would also be based in the city near the Alps, he said, which was good since “I love skiing.”
Indian farmers thresh the harvested wheat crop at a village on the outskirts of Beawar, about 184 kilometers southwest of the capital Jaipur in western Rajasthan state on Thursday, April 9.