Vesuvius's biggest shareholder backs a 549p offer. Will the board agree?
RHI Magnesita said on 29 September it is in talks to buy Vesuvius for 549p a share. Cevian, which owns 23%, will back it if the board does.
2 of 5In two of five cases where a company's largest shareholder backed a buyer the board had refused, the board then recommended the offer.
Will the Vesuvius board recommend RHI Magnesita's offer by 27 Oct?