Shares of RPMGlobal Holdings (ASX:RUL) were flat with a positive bias in recent Friday trade after it said it in a late Thursday filing that it received clearance from the Australian Competition and Consumer Commission for the proposed acquisition of its shares by Revolution HoldCo, a unit of Caterpillar, through a scheme of arrangement.

The scheme's implementation is conditional on the receipt of Foreign Investment Review Board, Federal Court of Australia, and shareholder approval, the filing said.