RHI Magnesita confirmed on 29 September that it is in advanced talks with the board of Vesuvius about a possible recommended offer valuing each Vesuvius share at 549p. The proposal combines 470p in cash with a small slice of new RHI stock.
Market context
The approach follows a string of rejected proposals that began in September 2025 at 448p. Under UK takeover rules RHI has until 27 October to announce a firm offer or step away, and no firm bid is certain.
