RPMGlobal Holdings has entered into a Scheme Implementation Deed, SID, with Caterpillar (CAT) pursuant to which Caterpillar will acquire 100% of the fully diluted capital in RPM by way of a Scheme of Arrangement. Under the terms of the Scheme, RPM shareholders will be entitled to receive A$5 cash per share, which represents a premium of 32.6% to RPM’s closing price of A$3.77 per share on 28 August 2025, being the last trading day before the announcement of Caterpillar’s non-binding, conditional and indicative proposal. The RPM Board unanimously recommend that RPM shareholders vote in favor of the Scheme, in the absence of a Superior Proposal. The Scheme Consideration implies an equity value of A$1,123M and an Enterprise Value of A$1,048M and represents a: 32.6% premium to the last closing price of A$3.77 per share on 28 August 2025 and 44.2% premium to the 1-month Volume Weighted Average Price of A$3.47.
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