Aggregate Industries says that shareholders should accept an offer of 138p per share if it is made.
Aggregate Industries has been approached by Swiss cement manufacturer Holcim about a potential takeover.
Aggregate said that Holcim was considering offering shareholders 138p per share, plus an additional 2p dividend for the year ended December 31 2004. The Aggregate Board said it would recommend that shareholders accept the offer if it is made.
Holcim operates in over 70 countries and has 48,000 employees. It supplies aggregates, cement and concrete.