Overview

• Caterpillar will pay A$5.00 in cash per share, valuing RPMGlobal at A$1.12 billion and reflecting a 32.6% premium to the August 28 undisturbed close.
• The acquisition will proceed via a Scheme of Arrangement to acquire 100% of RPMGlobal’s fully diluted shares, with an ASX delisting expected if it completes.
• RPMGlobal’s board unanimously recommends the deal, contingent on an independent expert finding it fair and reasonable and no superior proposal emerging.
• Regulatory reviews include Australia’s Foreign Investment Review Board and the national competition regulator, alongside customary approvals.
• Caterpillar says RPMGlobal’s asset, fleet and autonomy software complements its technologies to enhance mine-site operations, and CAT shares traded higher after the announcement.