India, Sept. 29 -- Tuesday, RHI Magnesita N.V. (RHIM.L) announced that it is in advanced discussions with the board of Vesuvius plc (VSVS.L) regarding a possible recommended cash-and-stock deal. The proposed offer would give Vesuvius shareholders 470 pence in cash and approximately 0.028 new RHI Magnesita shares for each Vesuvius share held.
In addition to this, Vesuvius shareholders will be entitled to receive and retain the 2026 interim dividend of 7.1 pence per share, payable on October 8, 2026.
Following this announcement, Vesuvius stock was trading at 466.40 pence, up 24.57 percent on the London Stock Exchange.
The latest offer comes after the Vesuvius Board rejected a previous offer of 448 pence per share from the company.
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