RHG turns down offer

RHG, the remnant of mortgage firm RAMS, has rejected an indicative takeover offer it first signalled to investors last month. There has been speculation non-bank lender Resimac was eyeing the company. RHG said talks over a sale were continuing, but it had told the bidder the indicative offer was "inadequate".

RHG, the remnant of mortgage firm RAMS, has rejected an indicative takeover offer it first signalled to investors last month. There has been speculation non-bank lender Resimac was eyeing the company. RHG said talks over a sale were continuing, but it had told the bidder the indicative offer was "inadequate".

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