The board of directors of Lafarge Corp. approved an agreement in principle with the company's majority shareholder, Lafarge S.A., to manage and operate certain U.S. cement and construction materials businesses that Lafarge S.A. is in the process of acquiring.
Lafarge S.A. expects to complete its acquisition of U.K.-based Blue Circle Industries, following a tender offer launched in January. The agreement approved grants Lafarge Corp. management authority for most of BCI's U.S. businesses.
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