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After putting itself in play, Houston-based cement manufacturer Southdown Inc. has surfaced as takeover bait for the largest British cement maker.
Southdown, a leading cement manufacturer in the U.S., is reportedly mulling its sale to United Kingdom heavyweight Blue Circle Industries PLC.
The Houston company in recent weeks has said it was exploring a variety of ways to enhance shareholder value. Options under consideration include "the possible sale or merger" of Southdown, company spokesman Thomas Daman noted Monday.
A bidding war could emerge: Southdown is also being eyed by Cimpor, Portugal's biggest cement producer, according to the Portuguese. …