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The latest announcement is out from RPMGlobal Holdings Ltd ( (AU:RUL) ).
RPMGlobal Holdings Limited has convened a court-ordered scheme meeting for shareholders to consider the proposed acquisition of all its issued shares by Revolution HoldCo Pty Ltd (Caterpillar BidCo), a wholly owned subsidiary of Caterpillar Inc., via a scheme of arrangement at $5.00 per share. The meeting, held as a hybrid in-person and online event in Brisbane, will see shareholders vote on the scheme, which has been unanimously recommended by the RPM board in the absence of a superior proposal and supported by an independent expert as being in the best interests of shareholders, signaling a potential change of control that could integrate RPM’s mining software capabilities within Caterpillar’s broader mining and equipment ecosystem.
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 is an ASX-listed provider of mining software solutions serving the global mining industry. With nearly 50 years of experience, the company offers innovative technology and deep domain expertise that support clients across the entire mining lifecycle, helping deliver safer, cleaner and more efficient operations in over 125 countries.
Average Trading Volume: 1,849,201
Technical Sentiment Signal: Buy
Current Market Cap: A$1.09B
Learn more about RUL stock on TipRanks’ Stock Analysis page.