Pepper seeks RHG takeover

Pepper joins forces with target's biggest shareholder to upstage bid by Resimac Ltd.

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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