RMH Acquisition Neutral
RMB HOLDINGS LIMITED - Announcement by AttBid on further acquisitions of shares in RMB Holdings Limited
RMB Holdings Limited
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What this filing means
AttBid and its concert party have increased their aggregate stake in RMH to 42.19% through ongoing purchases at the R0.47 mandatory offer price.
Bull case
- AttBid and APF have increased their aggregate stake to 42.19%, demonstrating execution of the mandatory offer process.
- Consistent on-market and off-market purchases at R0.47 establish firm support around the offer price level.
Bear case
- The continued consolidation of shares by the concert parties further reduces the remaining free-float for minority shareholders.
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