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RPMGlobal Holdings Ltd ( (AU:RUL) ) just unveiled an update.
RPMGlobal Holdings has confirmed that Australia’s Foreign Investment Review Board has issued a notice of no objection to the proposed acquisition of all its issued shares by Caterpillar Inc.’s wholly owned subsidiary, Revolution HoldCo Pty Ltd, via a scheme of arrangement. The satisfaction of this key foreign investment approval condition marks a significant regulatory milestone for the transaction, which still requires remaining conditions to be met, including approvals from the Federal Court of Australia, before the scheme can be implemented, and RPM has advised it will keep shareholders informed as the timetable progresses.
The most recent analyst rating on (AU:RUL) stock is a Hold with a A$5.00 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 (ASX: RUL) is a Brisbane-headquartered provider and developer of specialised mining software solutions for the global mining industry. Listed on the ASX since 2008, the company leverages nearly 50 years of domain expertise to deliver technology that supports safer, cleaner and more efficient mining operations across the full mine lifecycle, serving clients in more than 125 countries.
Average Trading Volume: 1,076,676
Technical Sentiment Signal: Buy
Current Market Cap: A$1.1B
Find detailed analytics on RUL stock on TipRanks’ Stock Analysis page.