IN BRIEF: Demerger approval sought

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The Independent Online
Demerger approval sought

Hanson will hold an extraordinary shareholders meeting on 15 May to seek approval for the demerger of 34 US businesses to form US industries. If the plan is approved then each shareholder will receive one share in US Industries for every 100 shares held in Hanson.Dealings in US Industries are expected to begin on 1 June.