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    RPM Global (RUL)

    Hi James & Team RPM Global have entered into a scheme implementation deed with Caterpillar -Under the terms of the Scheme, RPM shareholders will be entitled to receive $5.00 cash per share. The Share price has steadily remained around $4.87. Do you expect the scheme will be implemented and when? Is there any chance of a competing bid? Will MMatters be holding RUL until the scheme is completed or would you take what's on offer now? and employ these funds elsewhere. regards Debbie

    Answer

    Hi Debbie,

    We intend to wait with the holding in our Emerging Companies Portfolio, as we said back in September:

    • “There have been multiple parties interested in the past, and we believe there is a strong possibility that this will become a contested battle. For Caterpillar, RUL would be a fantastic opportunity for them to embed digital, mine‑planning horsepower into their existing strength in mining hardware. Consolidated field-to-office workflows could be a game‑changer.”

    We don’t expect Caterpillar to walk away so it’s just a matter of $5 or more, not bad odds, another +2.7% from today’s level, or potentially more if another party joins the fray. The acquisition remains subject to shareholder approval (by RPMGlobal shareholders), regulatory approvals and other customary conditions, and at this stage, is expected to be completed in Q1 2026.

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    RPMGlobal (RUL)
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