DataRoom AM: RHG crossroads

The battle for RHG may be decided by the Takeovers Panel, while Nine's float looks set for the start of December.

Resimac has put a call in to the Takeovers Panel to settle the dispute with fellow RHG suitor Pepper Australia over the matter of whose takeover offer for the mortgage lender is better. Meanwhile, the first two weeks of December are shaping up as Nine time, Andrew Forrest is buying yet more Fortescue Metals stock and Metals X is taking Alacer Gold’s Australian assets.

Resimac, Pepper Australia, Cadence Capital, RHG

The Takeovers Panel sometimes assumes the role that probably wouldn’t be out of place in a John Hughes movie in the 80s where it has to pick the guy that gets the girl.

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