Sources of Unclaimed Money: Rinker Group Ltd. case.

Among other things, I will be spotlighting some individual cases representing sources of unclaimed properties, today: the Rinker Group Ltd. case.

The acquisition of Rinker Group Ltd. by Cemex, the Mexican cement giant, created hundreds of shareholders that up to today have millions of dollars in unclaimed money.

CEMEX S.A.B. de C.V., acquired Rinker Group Ltd. for $15.3 billion in 2007 paying about $15.85 per share. Shareholders at that time were paid that amount, but because Rinker had thousands of workers spreading in several countries, not all the shareholders received, cashed their checks or claimed their money, resulting in the creation of hundreds of unclaimed accounts with thousands of dollars each.

Rinker as many other companies, had a policy of distributing or facilitating the acquisition of shares to its previous employees, some for different reasons, were unaware of the ownership of those shares. To make things worse, Rinker Group, Ltd was the result of the demerger in 2003 of CSR or “Colonial Sugar Refining” that when founded in 1855 had nothing to do with construction material production, but in the years to come was growing acquiring many companies, and among them, Kiewit that later was renamed as Rinker Group.

American Assets Finders, Inc. a company located in Florida, has identified hundreds of new accounts in this category, and has begun notifying its owners of the existence of these unclaimed assets. The company will post a list with the name, addresses and amount held in each account. If you were a former employee of Rinker or CSR, or had previously held shares in any of these companies check the site to learn if you are one of the lucky account owners.

In their company's web page you can obtain more information or even fill in the contact form with your specific request for more information.