Karl, Karl, Karl, That Don’t Smell Right

Karl Siegling’s Cadence Capital (CDM) announced a new ‘superior’ offer for RHG this morning. In conjunction with Pepper Australia, Cadence is offering shareholders 49.65 cents per share, a 1.65 cent premium to the existing offer from Resimac. But there’s a rub. The offer is 35 cents cash plus one Cadence Capital share for every 10 RHG shares held (the scrip component translates to about 14.6 cents of additional value at the last traded price). Siegling says that, ‘as a consequence of this superior proposal, CDM does not support the current proposal by the Resimac Syndicate’. Well, it’s certainly superior...

Karl Siegling’s Cadence Capital (CDM) announced a new ‘superior’ offer for RHG this morning. In conjunction with Pepper Australia, Cadence is offering shareholders 49.65 cents per share, a 1.65 cent premium to the existing offer from Resimac.

But there’s a rub. The offer is 35 cents cash plus one Cadence Capital share for every 10 RHG shares held (the scrip component translates to about 14.6 cents of additional value at the last traded price).

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles