Pepper increases RHG offer

Cadence and Pepper sweeten takeover bid after target chooses Resimac deal.

Pepper Australia and Cadence Capital (CDM) have offered a sweetened takeover bid for RHG (RHG), after the target recommended a rival offer from the Resimac Syndicate.

In a statement to the Australian Securities Exchange, Pepper and Cadence said their counterproposal is worth 50.8 cents per share, higher than the Resimac Syndicate's offer of 49.5 cents per share.

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