RHI Magnesita values Vesuvius stock at 551 pence in proposal

Published on 10/18/2026 at 13:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The latest proposal offers 470 pence cash and 0.28 RHI shares per 10 shares. The October 27, 2026 deadline tests Vesuvius stock as the possible offer advances.

Offer terms and earnings frame

Vesuvius is evaluating a 551 pence proposal dated September 29, 2026.
Revenue reached GBp 922.90 million in the quarter ending June 30, 2026.
RBC Capital set a GBp 590.00 target on October 9, 2026.
The LSE 52-week range stood at GBp 352.20 to GBp 507.50 on October 16, 2026.

Isometrische 3D-Darstellung der Prozesskette von Schmelzofen bis zur Gussform — Vesuvius plc Stahlproduktion als isometrische 3D Darstellung der Wertschoepfungskette vom Ofen zur Gussform ISIN GB00B82YXW83, Illustration mit AI erstellt.

Vesuvius (ISIN GB00B82YXW83) is evaluating a possible 551 pence-per-share proposal from RHI Magnesita, comprising 470 pence in cash and 0.28 new RHI shares for every 10 Vesuvius shares. Investegate published the company announcement dated September 29, 2026.

The proposal is non-binding, while the board is reviewing its financial terms and execution risks. The next formal decision point is October 27, 2026, when RHI must announce a firm intention to make an offer or state that it will not proceed, under the UK Takeover Code.

What does the offer include?

The latest proposal values each Vesuvius share at 551 pence based on RHI's one-month volume-weighted average price on August 27, 2026. It also preserves an interim dividend of 7.1 pence per Vesuvius share, while shareholders would receive approximately 7.1 million new RHI shares and hold about 13 percent of the enlarged RHI.

The board previously rejected proposals valued at 550 pence per share. The latest structure therefore keeps the headline value near the earlier proposals but changes the mix toward cash plus RHI shares.

How do earnings shape the case?

For the quarter ending June 30, 2026, Vesuvius reported revenue of GBp 922.90 million, compared with GBp 907.50 million a year earlier, while net profit fell to GBp 16.90 million from GBp 30.90 million. Markets Insider reported the figures and the analyst view.

RBC Capital analyst Mark Fielding maintained a Buy rating on October 9, 2026, and set a GBp 590.00 price target. That target is GBp 125.00 above the LSE closing price of GBp 465.00 on October 16, 2026, a gap of 26.88 percent calculated against the closing price.

Three dated steps in the proposal

On July 30, 2026, Vesuvius reported quarterly revenue of GBp 922.90 million. On September 29, 2026, the company disclosed the 551 pence proposal. On October 9, 2026, RBC Capital maintained its Buy rating and set a GBp 590.00 target.

Key dates for shareholders

The next substantiated date is October 27, 2026, the deadline for RHI Magnesita to announce a firm offer or withdraw its interest. The proposal remains subject to further corporate action and does not itself constitute a firm offer.

Stock valuation stays below the offer value

Vesuvius closed at GBp 465.00 on the London Stock Exchange on October 16, 2026. Its 52-week range was GBp 352.20 to GBp 507.50, placing the closing price GBp 42.50 below the high and GBp 112.80 above the low.

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