RPMGlobal has entered a six-week exclusivity period with Caterpillar to conduct due diligence to firm up a non-binding indicative offer, which values the Australian software company at $5 per share.
“Caterpillar shares our values, believes in our mission, and is committed to investing in our products, services, people, and our future,” said RPMGlobal.
“Caterpillar is a longstanding customer of RPM’s software products and is deeply embedded in the mining industry. Caterpillar has the strategic capabilities, industry reach, technological expertise, and common values to accelerate RPM’s growth trajectory.
Given the indicative nature of the proposal, there is no certainty that it will result in a binding transaction, noted RPMGlobal.
Source: RPMGlobal