RPC Group said yesterday that it was recommending an agreed 782p-per-share offer from Apollo Global Management, the American private equity firm, after months of talks. THE TAKEOVER PANEL THE PANEL ON TAKEOVERS AND MERGERS 10 PATERNOSTER SQUARE LONDON EC4M 7DY TEL. The deal has rankled at least two of RPC’s top 15 shareholders – Aviva Investors and Royal London Asset Management said the payout was not high enough, given RPC’s future growth prospects. If Berry Bidco exercises its right to implement the acquisition of RPC Shares by way of a Takeover Offer, such offer will be made in compliance with applicable US laws and regulations, including under applicable United States state and local, as well as foreign and other, tax laws. Each RPC shareholder will get 782p cash for every share they own, 15.6 per cent up on the 683.6p closing price on 7 September, the last day before talks were confirmed. IOF Iofina FX. Berry Global Group has completed the acquisition of RPC Group for a price of approximately $6.5 billion (£5.15 billion GBP). Alex Daniel. RPC shareholders to vote next month on £3.34bn takeover bid from Berry Global. Financial News Articles for Rpc.l updated throughout the day. RPC argues it's well placed to weather the political turbulence, and could even benefit. The private equity firm in talks to buy plastic packaging maker RPC Group has been given another three weeks to make a formal bid after the negotiations were extended for a fourth time. Rpc Chart Rpc Takeover Forum Posts Advertise Here. Established in 2012, Amber is a leading supplier of injection-moulded plastic packaging containers to the dairy and food industry in Australia. The consideration under the Berry offer is 793 pence in cash in respect of each RPC share. ... Get alerts on RPC Group PLC when a new story is published Sell. Revenue for the six months was £1.892bn, a seven per cent increase on the same period last year. At RPC Group, we believe a better future for our industry is built on accountability, collaboration, strong relationships and exceptional work. BERRY GLOBAL INTERNATIONAL HOLDINGS LIMITED. The US$6.5bn deal includes a $4.3bn cash paid for the equity interest in RPC Group and $2.2bn of net debt and estimated transaction related costs. RPC Group has done packaging for personal care brands including Biotherm, Kelso and Boddy's Pharmacy Global packaging manufacturer Berry Global has completed its acquisition of RPC Group. Berry, another a plastic packaging supplier, said it had reached out to RPC for the due diligence information needed to make an offer, but also stressed it the announcement “does not amount to a firm intention to make an offer”. 6 june 2019 . “The Board believes that the offer of £7.82 per share is a good outcome for shareholders and intends to recommend unanimously that they accept this offer.”. RPC has … We are building a company that will thrive by consistently striving towards operational excellence. The £3.3bn takeover of RPC faces opposition on value grounds. UKX FTSE 100 LSE. RPC GROUP PLC ('RPC') by. Business Packaging group BPI agrees to Â£261m takeover British Polythene Industries (BPI), the Greenock-based packaging firm, has agreed to a Â£261 million takeover offer from rival RPC. 4/18/2019. Alex Ralph. Overview 4 Key Berry Figures 1 Business Overview Three Business Segments1 1 Excludes impact of RPC Group PLC; financials are for the LTM period ended December 2018 calculated as FY 2018 less Q1 2018 + Q1 2019 2 As a percentage of target revenue over the past 15 acquisitions Note: Berry management estimates Leading global supplier of a broad range of innovative flexible, rigid RPC Group, a global plastic product design and engineering company for both packaging and selected non-packaging markets, has purchased Amber Plastics for an undisclosed sum. "With RPC shares now trading above Apollo’s ‘final’ offer price, it looks like could yet be some life in the RPC bidding war.”, Read more: Private equity group Apollo seals £3.3bn deal for packaging giant RPC. IOF Iofina FX. Apollo and Bain both have until 17:00 on October 8 to make a firm offer for RPC. A drop in half-year profits has put a dampener on a forthcoming deadline for bids that could lead to RPC Group being taken private.Europe’s biggest packaging company reported a 5 per cent drop in Rpc Chart Rpc Takeover Forum Posts Advertise Here. After private equity firm Apollo agreed to acquire UK-based packaging giant RPC Group, US-based packaging compatriot Berry Global Group is considering a cash offer for RPC to outbid the US$4.3 billion offer from Apollo. Your Recent History LSE. Business Packaging group BPI agrees to Â£261m takeover British Polythene Industries (BPI), the Greenock-based packaging firm, has agreed to a Â£261 million takeover offer from rival RPC. not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction . RPC Group agrees to higher takeover bid from Berry Global. RPC (RPC) has accepted a £3.34bn bid from US packaging specialist Berry Global (US:BERY), dealing a hammer blow to private equity firm Apollo Global Management – which had a £3.3bn offer accepted by the RPC board in January – to the consternation of some shareholders. Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. But with board backing and minimal regulatory concerns, we’d expect the deal to go through.”, Read more: RPC extends deadline again for private equity suitors. Listed plastics maker RPC has agreed a takeover offer which values the business at more than £3.3bn, with its board intending to unanimously recommend it is accepted by shareholders. Slaughter and May is advising RPC Group Plc ("RPC"), a leading global plastic products design and engineering company, in connection with the possible takeover offers by each of Apollo Global Management and Bain Capital which were announced this morning. recommed cash acquisition . GBPUSD UK Sterlin.. Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. Rpc Takeover Rumours (RPC) Follow RPC. BERRY GLOBAL INTERNATIONAL HOLDINGS LIMITED ... to implement the acquisition of the RPC Shares by way of a Takeover Offer as an alternative to the Scheme. In our view, this protracted bid process has not delivered fair value to RPC’s shareholders,” he said. As a result of the Berry competing offer, the Board of RPC has withdrawn its recommendation of the Apollo Offer and is recommending the Berry offer.