Vesuvius stock gained 3.82 percent while RHI's bid remained pending

Published on 10/08/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vesuvius stock costs EUR 5.43 on October 8, 2026 after EUR 5.23. RHI offers GBp 470.00 cash and faces an October 27 deadline.

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Vesuvius stock (ISIN GB00B82YXW83) was trading at EUR 5.43 at Lang & Schwarz on October 8, 2026 at 10:58 a.m. CEST, up 3.82 percent versus EUR 5.23. The company remained tied to RHI Magnesita's non-binding 551p proposal, while the offer timetable pointed to October 27, 2026, according to Investegate on September 29, 2026.

551p proposal remains non-binding

RHI's latest proposal comprises GBp 470.00 in cash and 0.28 new RHI shares for every 10 Vesuvius shares. Based on RHI's one-month volume-weighted average price on August 27, 2026, the package values each Vesuvius share at GBp 551.00.

The proposal also includes a GBp 7.10 interim dividend per Vesuvius share and would give Vesuvius holders approximately 7.1 million new RHI shares, equal to approximately 13 percent of RHI's enlarged share capital if completed. Investegate reported that Vesuvius was evaluating the financial terms and execution risk.

Analyst target moves to 550p

The takeover value also reset the valuation reference for analysts. Morningstar reported on September 30, 2026 that Berenberg raised its Vesuvius price target from GBp 450.00 to GBp 550.00 and kept a Buy rating.

That target sits GBp 4.00 below the 551p proposal value, leaving the analyst reference and the takeover headline value closely aligned. The distinction matters because the proposal was non-binding and Vesuvius had not announced a firm transaction.

October 27 sets the next decision point

Under the takeover timetable, RHI must announce a firm intention to make an offer or withdraw by 5:00 p.m. London time on October 27, 2026. The deadline gives the market a concrete event date, while the current price remains below the proposal value in the original pence quotation.

Vesuvius had a market capitalization of GBP 1.1 billion as of October 8, 2026. Its business serves steel, foundry and other high-temperature industrial processes, so the transaction would combine two suppliers with overlapping refractory and flow-control operations.

Stock gains as terms await a decision

At Lang & Schwarz, the intraday euro quote was EUR 5.43 on October 8, 2026 at 10:58 a.m. CEST, plus 3.82 percent versus the prior close of EUR 5.23. The price move and the pence-denominated proposal are separate reference points, with the offer still dependent on a possible firm announcement.

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