UK's Vesuvius jumps after RHI Magnesita makes fourth takeover proposal
29/09/2026 08:51
BUZZ-UK's Vesuvius jumps after RHI Magnesita makes fourth takeover proposal ** British steel and foundry specialist Vesuvius VSVS.L up 31.1% at 491p
** On track for biggest one day pct gain since September 1990
** Company receives fourth proposal from RHI Magnesita RHIM.VI for possible offer
** Proposal values co at 551p per share, comprising 470p in cash and 0.28 new RHI Magnesita shares for every 10 Vesuvius shares
** Implies an equity value of £1.37 billion ($1.81 billion), according to Reuters calculation
** RHI Magnesita down 4.4% at 2700p
** YTD, stock is up ~2%
($1 = 0.7555 pounds)
(Reporting by Atharva Singh in Bengaluru)