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Vesuvius shares jump as RHI Magnesita renews £1.37bn takeover approach


By Goran Nastic

Vesuvius shares jumped more than 20% after the materials engineering group confirmed it was evaluating a latest takeover proposal from Austria's RHI Magnesita, following more than a year of approaches.

The latest proposal, received on 27 August, comprises 470p in cash and 0.28 new RHI Magnesita shares for every 10 Vesuvius shares, valuing the FTSE 250 firm at around 551p per share and approximately £1.37bn


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