Shares of RPMGlobal Holdings Flat After Receiving ACCC Nod for Proposed Acquisition by Caterpillar Unit
MT Newswires Live
11 hours ago
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.
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