RHI Magnesita N.V. (RHIM): Possible offer for Vesuvius

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£1,201m · £26.55 · +1% since the first step

Takeover target

Possible offer for Vesuvius

Possible offer; PUSU deadline extended

NOV24 Next: Firm Rule 2.7 offer or no-intention statement by PUSU deadline in 26 days

Every step · 1

27 Oct 2026 Possible offer; PUSU deadline extended – RHIM is now required, by not later than 5pm on 24 November 2026 (the “PUSU Deadline”), either to announce a firm intention to make an offer in accordance... ↗

What is happening

RHI Magnesita N.V.: Possible offer for Vesuvius – Possible offer; PUSU deadline extended. ['Possible offer; PUSU deadline extended']

In short: RHIM is in talks over a possible offer for Vesuvius plc. On 27 Oct 2026 the PUSU deadline was extended to 24 Nov 2026. Headline agreement was reached on a disposal revenue threshold for antitrust remedies, with a related reverse break fee. Cevian, Vesuvius' largest shareholder, extended its irrevocable support. No firm offer is certain.
Announced: 27 Oct 2026 · Possible offer; PUSU deadline extended
Bidder: RHI Magnesita N.V. (possible offer for Vesuvius plc)
PUSU deadline: 5pm on 24 November 2026
Irrevocable: Cevian, Vesuvius' largest shareholder, extended its irrevocable undertaking in support of an RHIM offer to align with the PUSU deadline
Antitrust remedies: Headline agreement on a disposal revenue threshold for potential remedies, with a related reverse break fee
Board view: RHIM aims to agree terms of a recommended transaction with the Vesuvius Board

Firm Rule 2.7 offer or no-intention statement by PUSU deadline (24 Nov 2026).

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

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