RHI Magnesita confirms advanced talks on cash-and-share Vesuvius proposal
RHI Magnesita ($RHIM) confirmed advanced discussions over a possible recommended acquisition of Vesuvius ($VSVS). The proposal comprises 470 pence in cash and approximately 0.028 new RHI Magnesita shares for each Vesuvius share, implying 549 pence at the reference share price. That represents a 47% premium to Vesuvius’s preceding closing price. Eligible shareholders would also retain the 7.1-pence interim dividend. The combination would bring together refractory and flow-control operations, with
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