RPMGlobal Holdings Says Federal Court Approves Proposed Acquisition by Caterpillar Unit

MT Newswires Live02-03 08:22

RPMGlobal Holdings (ASX:RUL) said the Federal Court of Australia made orders approving a scheme of arrangement for the proposed acquisition of the company by Revolution, a unit of New York Stock Exchange-listed Caterpillar, via a scheme of arrangement, according to a Tuesday Australian bourse filing.

The company expects to lodge a copy of the court orders with the Australian Securities and Investments Commission on Wednesday, at which time the scheme will become effective.

It will also request that the quotation of its shares on the Australian Securities Exchange be suspended from the close of trading on Wednesday.

On implementation of the scheme, the company's shareholders will receive AU$5 for each share they hold as at Feb.11, the filing said.

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