Mexico's CEMEX is bidding USD 12.8 bn for Australia's RINKER GROUP (USD 5.1 bn turnover, workforce of 14,000), including USD 860 million in debt. The cash bid is worth USD 13 per share. The deal would increase CEMEX's annual turnover to more than USD 23 bn and increase its workforce to 67,000. The merged company would be the world's biggest cement company.