Read more: RPC Group's £3.3bn private equity takeover sparks disquiet among top shareholders. UKX FTSE 100 LSE. an indirect wholly ‐ owned subsidiary of Berry Global Group, Inc. ("Berry ") to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 ANNOUNCEMENT IN RESPECT OF RPC GROUP PLC SCHEME OF ARRANGEMENT. How to kick off the New Year the right way, RPC Group's £3.3bn private equity takeover sparks disquiet among top shareholders, Private equity group Apollo seals £3.3bn deal for packaging giant RPC. Overview 4 Key Berry Figures 1 Business Overview Three Business Segments1 1 Excludes impact of RPC Group PLC; financials are for the LTM period ended December 2018 calculated as FY 2018 less Q1 2018 + Q1 2019 2 As a percentage of target revenue over the past 15 acquisitions Note: Berry management estimates Leading global supplier of a broad range of innovative flexible, rigid GKP Gulf Keyst.. LSE. "In July I stated that differing investor views on the appropriate level of gearing was constraining the group's ability to pursue opportunities for growth and, as such, putting pressure on RPC's valuation. A drop in half-year profits has put a dampener on a forthcoming deadline for bids that could lead to RPC Group being taken private.Europe’s biggest packaging company reported a 5 per cent drop in The takeover of one of the UK’s largest plastics manufacturing and recycling businesses, RPC Group, by a US plastics packaging giant has been completed. RPC shareholders to vote next month on £3.34bn takeover bid from Berry Global. Revenue for the six months was £1.892bn, a seven per cent increase on the same period last year. SCHEME OF ARRANGEMENT BECOMES EFFECTIVE Business Packaging group BPI agrees to £261m takeover British Polythene Industries (BPI), the Greenock-based packaging firm, has agreed to a £261 million takeover offer from rival RPC. Rule 15 letter sent to participants in the RPC Group 2003 Approved and Unapproved Executive Share Option Scheme and RPC Group 2013 Approved and Unapproved Executive Share Option Scheme. How to kick off the New Year the right way, Private equity group Apollo seals £3.3bn deal for packaging giant RPC, RPC extends deadline again for private equity suitors. As a result of the Berry competing offer, the Board of RPC has withdrawn its recommendation of the Apollo Offer and is recommending the Berry offer. RPC Group agrees to higher takeover bid from Berry Global. RPC Group (LON:RPC) - Bain has pulled out of the race to buy RPC but talks with Apollo remain ongoing. Business Packaging group BPI agrees to £261m takeover British Polythene Industries (BPI), the Greenock-based packaging firm, has agreed to a £261 million takeover offer from rival RPC. Alex Daniel. Rpc Takeover Rumours (RPC) Follow RPC. The consideration under the Berry offer is 793 pence in cash in respect of each RPC share. Alex Ralph. Slaughter and May is advising RPC Group Plc ("RPC"), a leading global plastic products design and engineering company, in connection with the possible takeover offers by each of Apollo Global Management and Bain Capital which were announced this morning. David Cumming, Chief Investment Officer for Equities at Aviva Investors, said: “We do not agree with the justifications put forward by the RPC board for their acceptance of an offer for the company by Apollo.”. Sell. “The Board believes that the offer of £7.82 per share is a good outcome for shareholders and intends to recommend unanimously that they accept this offer.”. 06 june 2019 . 020 7382 9026 [email protected] www.thetakeoverpanel.org.uk RPC GROUP PLC (“RPC”) ROME UK BIDCO LIMITED (“ROME”) BERRY GLOBAL GROUP, INC. (“BERRY”) On 23 January 2019, the boards of RPC and Rome announced … UKX FTSE 100 LSE. Private equity firm Apollo’s takeover of plastic packaging manufacturer RPC group has come under threat after US company Berry Global said it was considering making a counter offer. Under the takeover terms, RPC shareholders will also receive a previously declared interim dividend of 8.1p. Sky's Ian King explains why a major deal in the plastic packaging sector is facing shareholder opposition. RPC Group has done packaging for personal care brands including Biotherm, Kelso and Boddy's Pharmacy Global packaging manufacturer Berry Global has completed its acquisition of RPC Group. "There’s potential for operating synergies, always a key consideration in packaging M&A, and a listed player could potentially pay in a mixture of equity and cash as well – although Berry have said they are interested in making a cash offer. Slaughter and May is advising RPC Group Plc ("RPC"), a leading global plastic products design and engineering company, in connection with the possible takeover offers by each of Apollo Global Management and Bain Capital which were announced this morning. Rpc Daily Update: Rpc Group Plc is listed in the General Industrials sector of the London Stock Exchange with ticker RPC. In our view, this protracted bid process has not delivered fair value to RPC’s shareholders,” he said. The transaction will create one of the world’s largest plastic and recycled packaging companies, with a footprint of over 290 locations worldwide. Plastic packaging specialist RPC Group has again pushed back the deadline for private equity firm Apollo Global Management to make a takeover … The group is Europe's leading recycler of polyethylene film and the majority of its products are recyclable. Under Apollo’s offer each RPC shareholder would get 782p cash for every share they own, 15.6 per cent up on the 683.6p closing price on 7 September, the last day before talks were confirmed. BERRY GLOBAL INTERNATIONAL HOLDINGS LIMITED. At RPC Group, we believe a better future for our industry is built on accountability, collaboration, strong relationships and exceptional work. Under the takeover terms, RPC shareholders will also receive a previously declared interim dividend of 8.1p. But the deal has rankled at least one of RPC’s top 15 shareholders – Aviva Investors said this afternoon the payout was not high enough, given RPC’s future growth prospects. 1, 2019-- Berry Global Group, Inc. (NYSE: BERY), today announced the completion of its acquisition of RPC Group Plc (RPC) for a purchase price of approximately $6.5 billion, which includes approximately $4.3 billion of cash paid for the equity interest in RPC and $2.2 of net debt and estimated transaction related costs, subject to closing adjustments. Saturday March 09 2019, 12.01am, The Times. Each RPC shareholder will get 782p cash for every share they own, 15.6 per cent up on the 683.6p closing price on 7 September, the last day before talks were confirmed. If Berry Bidco exercises its right to implement the acquisition of RPC Shares by way of a Takeover Offer, such offer will be made in compliance with applicable US laws and regulations, including under applicable United States state and local, as well as foreign and other, tax laws. THE TAKEOVER PANEL THE PANEL ON TAKEOVERS AND MERGERS 10 PATERNOSTER SQUARE LONDON EC4M 7DY TEL. RPC Group in takeover bid by Berry, Apollo The offer from the latter was made after months of negotiations. ... Get alerts on RPC Group PLC when a new story is published of . RPC GROUP PLC ('RPC') by. The group is Europe's leading recycler of polyethylene film and the majority of its products are recyclable. Rpc Group Plc has a 4 week average price of 0p and a 12 week average price of 0p. not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction . 1. RPC Group has done packaging for personal care brands including Biotherm, Kelso and Boddy's Pharmacy Global packaging manufacturer Berry Global has completed its acquisition of RPC Group. We are building a company that will thrive by consistently striving towards operational excellence. Berry Global has announced the completion of the acquisition of Rushden-based RPC in a deal worth up to £5 billion this week (1 July). BERRY GLOBAL INTERNATIONAL HOLDINGS LIMITED ('Berry Bidco') ... to implement the acquisition of the RPC Shares by way of a Takeover Offer as an alternative to the Scheme. Nicholas Hyett, Equity Analyst at Hargreaves Lansdown: “The current offer from Apollo is lower than we had expected, and probably disappointed many investors. BERRY GLOBAL INTERNATIONAL HOLDINGS LIMITED ... to implement the acquisition of the RPC Shares by way of a Takeover Offer as an alternative to the Scheme. GKP Gulf Keyst.. LSE. At RPC Group, we believe a better future for our industry is built on accountability, collaboration, strong relationships and exceptional work. Private equity firm Apollo Global Management’s £3.3bn buyout of packaging manufacturer RPC Group has sparked a row among investors, who feel they are getting a raw deal. But disquiet among RPC shareholders, some of whom felt they were getting a raw deal. Read more: Private equity group Apollo seals £3.3bn deal for packaging giant RPC. Apollo were always going to run this risk having pitched the bid at this level which has clearly given others encouragement. IOF Iofina FX. The 1 year high share price is 0p while the 1 year low share price is currently 0p. US private equity firm Eminence Capital, which sat among RPC’s top three shareholders at the time of Apollo Global Management's bid, has sold its controlling shares in RPC. The US$6.5bn deal includes a $4.3bn cash paid for the equity interest in RPC Group and $2.2bn of net debt and estimated transaction related costs. rpc group … Just a week ago, it looked as if a £3.3bn offer from Apollo was all but sealed, announced after months of wrangling and hours before the regulatory deadline. “A 15.6 per cent premium is hardly over generous and the shares have traded higher in the last 12 months. RPC Share News. for immediate release . 4/18/2019. by. A lowball offer has left the door open to a rival bidder, and an industry buyer like Berry would be best placed to make a higher number stack up. RPC, Europe’s biggest plastic packaging company, said that it had received a request for information from US-based Berry Global. Your Recent History LSE. “Berry Global, being a competitor to RPC, would have plenty of synergies to go after and the first casualties could include senior management who were so willing to accept Apollo’s offer.”. Europe’s biggest plastics packaging company has come under fire after agreeing to be bought for £3.3 billion.RPC Group said yesterday that it was recommending an agreed 782p-per-share offer from Plastic packaging specialist RPC Group has again pushed back the deadline for private equity firm Apollo Global Management to make a takeover offer. Rpc Group News Headlines. rpc group plc . Apollo and Bain both have until 17:00 on October 8 to make a firm offer for RPC. RPC wrangles another takeover deadline extension . Jamie Pike, RPC chairman, said: “The Board believes that the offer recognises the quality of RPC's businesses and the strength of their future prospects. Berry, another a plastic packaging supplier, said it had reached out to RPC for the due diligence information needed to make an offer, but also stressed it the announcement “does not amount to a firm intention to make an offer”. Berry Global Group has completed the acquisition of RPC Group for a price of approximately $6.5 billion (£5.15 billion GBP). Berry Global Group has completed the acquisition of RPC Group for a price of approximately $6.5 billion (£5.15 billion GBP). 6 june 2019 . QPP Quindell FTSE. LONDON (Alliance News) - RPC Group PLC shareholders voted in favour of the takeover by Berry Global Group Inc on Thursday. EVANSVILLE, Ind.--(BUSINESS WIRE)--Jul. The private equity firm in talks to buy plastic packaging maker RPC Group has been given another three weeks to make a formal bid after the negotiations were extended for a fourth time. RPC GROUP PLC ('RPC') by. Buy. The last closing price for Rpc was 792.60p. Evansville-based Berry Global announced Friday its intent to acquire RPC Group Plc, an international design and engineering company. RPC Group increases 2014 interim dividend by 4.6% RPC Group Plc, Europe's leading supplier of rigid plastic packaging, announces today its half year results for the six months ended 30 September 2013. On 8 March 2019, the boards of RPC Group Plc ("RPC" or the "Company") and Berry Global International Holdings Limited ("Berry Bidco") announced that they had reached agreement on the terms of a recommended cash acquisition by Berry Bidco of RPC's entire issued and to be issued ordinary share capital (the "Acquisition") at a price of 793 pence in cash for each RPC Share, to be effected by … RPC chairman Jamie Pike said: "The board believes that the offer recognises the quality of RPC's businesses and the strength of their future prospects. Apollo and Bain both have until 17:00 on October 8 to make a firm offer for RPC. Today Craig Yeaman, fund manager at Royal London Asset Management, said: “We noted last week that another bidder entering the fray should not be discounted given the low valuation of the agreed deal. $39 for one year. Rpc Takeover Rumours (RPC) Follow RPC. Update on South Africa Merger Clearance Announcement. Read more: RPC Group's £3.3bn private equity takeover sparks disquiet among top shareholders Just a week ago, it looked as if a £3.3bn offer from Apollo was … RPC accepts $6.5bn takeover bid from Berry Global By NS Packaging Staff Writer 11 Mar 2019 Plastic packaging firm RPC Group has recommended a superior offer from Berry Global that outbids the £3.3bn offer made by private equity group Apollo Global Management earlier this year. We are building a company that will thrive by consistently striving towards operational excellence. RPC Group's £3.3bn private equity takeover sparks disquiet among top shareholders. Financial News Articles for Rpc.l updated throughout the day. City A.M. understands RPC is unaware of any other shareholders who have been irked by the deal, but Nicholas Hyett, analyst at Hargreaves Lansdown, said it was “potentially disappointing for investors”. Near the end of last year RPC said its profits had dipped slightly, as adjusted profit before tax fell two per cent to £188.9m in the six months to September 2018. Potential RPC Group takeover and other acquisition opportunities Questions. The transaction will create one of the world’s largest plastic and recycled packaging companies, with a footprint of over 290 locations worldwide. “The exit valuation clearly underestimates future growth prospects that will now accrue to the buyer and the RPC management team. RPC Group PLC (LON:RPC) said the takeover decision deadline for potential suitor Apollo Global Management to make an offer has been extended to 18 … RPC Group said yesterday that it was recommending an agreed 782p-per-share offer from Apollo Global Management, the American private equity firm, after months of talks. RPC argues it's well placed to weather the political turbulence, and could even benefit. IOF Iofina FX. RPC (RPC) has accepted a £3.34bn bid from US packaging specialist Berry Global (US:BERY), dealing a hammer blow to private equity firm Apollo Global Management – which had a £3.3bn offer accepted by the RPC board in January – to the consternation of some shareholders. 020 7382 9026 [email protected] www.thetakeoverpanel.org.uk RPC GROUP PLC (“RPC”) ROME UK BIDCO LIMITED (“ROME”) BERRY GLOBAL GROUP, INC. (“BERRY”) On 23 January 2019, the boards of RPC and Rome announced that they had reached 2. What’s your high-level view of the plastic packaging space? Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. RPC argues it's well placed to weather the political turbulence, and could even benefit. Despite Aviva’s grievances, RPC’s stock was up 4.36 per cent this afternoon, valued at 766p. RPC Group (LON:RPC) - Bain has pulled out of the race to buy RPC but talks with Apollo remain ongoing. The FTSE 250 is up 0.12% at 20,234.65 with packaging group RPC leading the way - up 19% at 813.2p - after confirming takeover talks with private equity firms Bain and Apollo. Save 67%. Rpc Chart Rpc Takeover Forum Posts Advertise Here. The private equity firm in talks to buy plastic packaging maker RPC Group has been given another three weeks to make a formal bid after the negotiations were extended for a fourth time. QPP Quindell FTSE. RPC Group in takeover bid by Berry, Apollo. RPC GROUP PLC. Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. Major RPC (RPC) shareholders are beginning to sell their holdings in the packaging group, as a takeover battle rumbles on. The £3.3bn takeover of RPC faces opposition on value grounds. Your Recent History LSE. Final takeover offer in for RPC 23 Jan 2019 Midlands Manufacturing Storm Rannard Listed plastics maker RPC has agreed a takeover offer which values the business at more than £3.3bn, with its board intending to unanimously recommend it is accepted by shareholders. recommed cash acquisition . UK's takeover panel said on Tuesday that plastics maker Berry Global Group now has until March 13 to announce a firm intention to make an offer for British packager RPC Group. After private equity firm Apollo agreed to acquire UK-based packaging giant RPC Group, US-based packaging compatriot Berry Global Group is considering a cash offer for RPC to outbid the US$4.3 billion offer from Apollo. Plastic packaging company RPC Group said it expected its £3.34bn acquisition by … The offer from the latter was made after months of negotiations. GBPUSD UK Sterlin.. Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. ... Get alerts on RPC Group PLC when a new story is published Sell. Established in 2012, Amber is a leading supplier of injection-moulded plastic packaging containers to the dairy and food industry in Australia. RPC has … UK's takeover panel said on Tuesday that plastics maker Berry Global Group now has until March 13 to announce a firm intention to make an offer for British packager RPC Group. Listed plastics maker RPC has agreed a takeover offer which values the business at more than £3.3bn, with its board intending to unanimously recommend it is accepted by shareholders. Packaging company RPC throws its backing behind £3.3bn takeover offer from peer Berry Global as it drops support for private equity bid. RPC is one of Europe’s biggest plastic packaging manufacturers, making products including bottle tops and asthma inhalers. RPC shares rose 3.7 per cent in early trading to 794p – 12p higher than Apollo’s current bid. THE TAKEOVER PANEL THE PANEL ON TAKEOVERS AND MERGERS 10 PATERNOSTER SQUARE LONDON EC4M 7DY TEL. SUBSCRIBE NOW. The US$6.5bn deal includes a $4.3bn cash paid for the equity interest in RPC Group and $2.2bn of net debt and estimated transaction related costs. Slaughter and May also acted for RPC in relation to that takeover offer. But with board backing and minimal regulatory concerns, we’d expect the deal to go through.”, Read more: RPC extends deadline again for private equity suitors. The deal has rankled at least two of RPC’s top 15 shareholders – Aviva Investors and Royal London Asset Management said the payout was not high enough, given RPC’s future growth prospects. Rpc Chart Rpc Takeover Forum Posts Advertise Here. Buy. "With RPC shares now trading above Apollo’s ‘final’ offer price, it looks like could yet be some life in the RPC bidding war.”, Read more: Private equity group Apollo seals £3.3bn deal for packaging giant RPC. The latest example is RPC, Europe's biggest maker of plastic packaging, which on Wednesday agreed a £3.3bn takeover by the private equity firm Apollo Global Management. Slaughter and May is acting for RPC Group Plc (RPC) in relation to today’s announcement that Berry Global International Holdings Limited (Berry Bidco) and RPC have reached agreement on the terms of a recommended superior cash offer, to be made by Berry Bidco, pursuant to which Berry Bidco will acquire the entire issued and to be issued ordinary share capital of RPC. LONDON (Alliance News) - RPC Group PLC shareholders voted in favour of the takeover by Berry Global Group Inc on Thursday.The packaging firm said the 89.9% of … It will form part of the RPC Superfos Division … ... Apollo and Bain had until today to make a firm bid for RPC or walk away under takeover … RPC wrangles another takeover deadline extension . ... 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