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Lafarge North America Inc. NYSE: LAF



Company: Lafarge North America Inc.
Ticker Symbol: NYSE: LAF
Date Filed: Feb-08-06
Lead Plaintiff Deadline: April-08-06
Court: Circuit Court of Baltimore City, Maryland
Allegations:
A securities class action has been filed in the Circuit Court of Baltimore City, Maryland on behalf of owners of the common stock of Lafarge North America Inc., ("Lafarge NA" or the "Company") (NYSE: LAF).

The Complaint alleges that Lafarge S.A. owns securities representing approximately 52% of Lafarge NA's outstanding equity securities and that Lafarge S.A. intends to make an offer to purchase all outstanding shares of common stock of Lafarge NA not owned by Lafarge S.A. or its affiliates, at a price of $75.00 per share.

The Complaint alleges that the price of $75.00 per share offered to the class members is unconscionable, unfair and grossly inadequate consideration and has been the object of manipulation because, among other things: (a) the intrinsic value of the stock of Lafarge NA is materially in excess of $75.00 per share, giving due consideration to the possibilities of growth and profitability of Lafarge NA in light of its business, earnings and earnings power, present and future; (b) the $75.00 per share price is inadequate and offers an inadequate premium to the public stockholders of Lafarge NA; and (c) the $75.00 per share price is not the result of arm's length negotiations but was fixed arbitrarily by Lafarge S.A. to "cap" the market price of Lafarge NA stock, as part of a plan for defendants to obtain complete ownership of Lafarge NA assets and business at the lowest possible price.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.


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