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RPMGlobal Holdings Ltd ( (AU:RUL) ) just unveiled an announcement.
RPMGlobal Holdings Ltd has received court approval to convene a Scheme Meeting for shareholders to vote on a proposed acquisition by Revolution HoldCo Pty Ltd, a subsidiary of Caterpillar Inc. The Scheme Booklet, which includes an Independent Expert’s Report, has been registered with the Australian Securities and Investments Commission and will be distributed to shareholders. The Independent Expert has deemed the Scheme fair and reasonable, valuing RPM shares between $4.43 and $5.12, compared to the Scheme Consideration of $5.00 per share. The RPM Board recommends shareholders vote in favor of the Scheme, which requires approval by a majority of shareholders and at least 75% of votes cast at the meeting.
The most recent analyst rating on (AU:RUL) stock is a Hold with a A$4.50 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 Ltd operates in the software industry, providing mining software solutions and advisory services. The company’s primary focus is on delivering innovative software solutions that enhance mining operations and improve productivity.
Average Trading Volume: 2,041,352
Technical Sentiment Signal: Buy
Current Market Cap: A$1.08B
For detailed information about RUL stock, go to TipRanks’ Stock Analysis page.