Breakfast Deals: RHG race

RHG shareholders are tempted by an all-cash offer while BlueScope scores a win behind its share price rout.

There’s disquiet on the RHG register about whether to make a bet on Cadence Capital’s scrip or to take the Resimac money and run. Elsewhere, BlueScope scores a win behind its share price route, RATCH-Australian confirms its spot on the Macquarie Generation start line and ASIC is taking the rise of hybrid issues very seriously.

RHG, Pepper Australia, Cadence Capital

Some RHG shareholders, who have two takeover offers on the table, are showing some resistance to the idea of replacing scrip with scrip when there’s cash on the table.

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