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An update from RPMGlobal Holdings Ltd ( (AU:RUL) ) is now available.
RPMGlobal Holdings Ltd has entered into an exclusivity agreement with Caterpillar Inc. following a non-binding proposal to acquire all RPM shares for $5.00 each, valuing the company at approximately $1,123 million. This proposal, which represents a significant premium over recent share prices, follows RPM’s strategic process to explore potential acquisitions after divesting its Advisory division. The RPM Board intends to recommend the transaction, subject to due diligence and no superior proposals emerging, potentially impacting RPM’s market positioning and shareholder value.
The most recent analyst rating on (AU:RUL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on RPMGlobal Holdings Ltd stock, see the AU:RUL Stock Forecast page.
More about RPMGlobal Holdings Ltd
RPMGlobal Holdings Limited, listed on the Australian Securities Exchange, is a global leader in mining software solutions and professional development for the mining industry. With over 50 years of experience, RPMGlobal provides innovative software and expertise to enhance mining operations worldwide, supporting clients in over 125 countries.
Average Trading Volume: 302,492
Technical Sentiment Signal: Buy
Current Market Cap: A$832.2M
See more insights into RUL stock on TipRanks’ Stock Analysis page.