00:00It's Benzinga bringing Wall Street to Main Street.
00:03Caterpillar shares rose Monday after it agreed to acquire Australia's RPM Global Holdings for
00:08$733 million through a scheme of arrangement. The all-cash offer of $5 per share represents a
00:1532.6% premium to RPM's last closing price before the proposal. The transaction unanimously
00:22recommended by RPM's board is expected to close in the first quarter of 2026,
00:27pending regulatory approvals. Caterpillar said RPM's mining software will enhance its existing asset
00:34and fleet management technologies. The company anticipates a tariff-related impact of $1.5
00:39billion to $1.8 billion this year and held $5.4 billion in cash as of June 30th. Shares rose 2.45%
00:47to $503.48 pre-market on Monday. For all things money, visit Benzinga.com.
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