RHI extends Vesuvius bid deadline: 551p offer targets Vesuvius stock

Published on 10/29/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RHI now has until November 24, 2026 to decide on a firm offer. Vesuvius stock costs EUR 5.78 on October 29, 2026 after a 551p proposal.

Offer process and trading context

Vesuvius extended the possible-offer deadline to November 24, 2026.
The latest RHI proposal values each Vesuvius share at GBp 551.00.
Vesuvius stock was trading at EUR 5.78 at 12:35 p.m. CET at Lang & Schwarz on October 29, 2026.

Vesuvius, GB00B82YXW83, Illustration mit AI erstellt.

Vesuvius (ISIN GB00B82YXW83) extended the deadline for a possible RHI Magnesita offer to November 24, 2026, after the companies made progress on execution risks and potential antitrust remedies. The latest proposal values each Vesuvius share at GBp 551.00, comprising GBp 470.00 in cash and 0.28 new RHI shares for every 10 Vesuvius shares, according to TradingView on October 27, 2026.

Why the deadline moved

Vesuvius said a reasonable level of progress had been made on execution risks and that the parties had reached headline agreement on a disposal-revenue threshold for possible remedies. The company also said material further work remained before the financial terms and execution risks could be resolved.

RHI Magnesita separately said its deadline had been extended to November 24, 2026 and that Vesuvius' largest shareholder, Cevian Capital II Master Fund, had extended its irrevocable undertaking to match the new date. The statement also said there was no certainty that a firm offer would be made, according to EQS News on October 27, 2026.

What does the offer mean?

The proposal has developed through several stages. Vesuvius disclosed a GBp 550.00 cash proposal received on March 17, 2026, followed by a June proposal also valued at GBp 550.00 per share. On September 29, 2026, the company disclosed the latest structure at GBp 551.00, including the share component and a GBp 7.10 interim dividend, according to Financial Times.

Next date for shareholders

The next defined event is November 24, 2026, when RHI must announce a firm intention to make an offer or state that it will not proceed. The deadline can be extended again with the consent of the Takeover Panel.

Stock price and offer terms

At 12:35 p.m. CET on October 29, 2026, Vesuvius stock was trading at EUR 5.78 at Lang & Schwarz. The London Stock Exchange quote was GBp 475.40 at 11:31 a.m. UTC on October 29, 2026, placing the market price below the latest GBp 551.00 proposal value, although the proposal includes RHI shares and remains subject to further negotiations.

The further course of trading is shown by the continuously updated real-time quote of Vesuvius stock.