Resimac ups RHG bid

The takeover battle for Resimac has taken a new twist with a sweetened bid for Resimac

Resimac Ltd has again sweetened its takeover bid for RHG Ltd, formerly RAMS Mortgage Corp, in an attempt to stymie a rival bid put by Pepper Australia and the target's largest shareholder last week. 

The Resimac-led syndicate has increased its all-cash offer to 49.5 cents per share, from 48 cents - which was already an increase of 3.9 cents per share over its original offer. 


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