Pepper seeks RHG takeover
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Pepper Australia has joined forces with the largest shareholder of target RHG (RHG) to stage a takeover bid in an attempt to beat a rival offer from syndicate led by Resimac Ltd.
After striking a deal with major shareholder Cadence Capital, Pepper is seeking a scheme of arrangement to buy RHG, formerly RAMS Mortgage Corp, increasing its offer to 49.65 cents a share, in cash and Cadence scrip.
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