RHG Limited
(ASX:RHG) has agreed to a sweetened takeover bid from the Resimac syndicate and its shares have been reinstated to official quotation.
RHG says it’s reached agreement on a 50.1 cents per share cash offer from Resimac and the Australian Mortgage Acquisition Company.
The parties aim to implement the deal by January 6, with an end date of February 28.
The RHG board had earlier accepted a Resimac syndicate takeover offer to acquire all shares in RHG for cash consideration of 49.5 cents per share, but Pepper and Cadence said their counterproposal of 50.8 cents per share was superior.
RHG generated a net profit of $30.3 million for fiscal 2013.
