RMH Scheme of Arrangement Neutral
RMB HOLDINGS LIMITED - Announcement by AttBid on update of acceptances and settlement of Mandatory Offer
RMB Holdings Limited
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What this filing means
AttBid's mandatory offer for RMH is progressing on schedule, with the concert party's stake reaching 47.93% ahead of the 29 May closing date.
Bull case
- Offer execution is progressing smoothly with the successful transfer of the first tranche of accepted shares.
- The offer provides a defined deadline for remaining shareholders to tender and receive the liquidity consideration.
Bear case
- Remaining shareholders who do not tender face the risk of being locked into a minority position as the concert party approaches majority control at 47.93%.
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