According to the Australian Financial Review, Caterpillar Inc. (NYSE: CAT) has submitted a takeover bid for Australian mining software provider RPMGlobal Holdings Ltd. (ASX: RUL).
Shares of RPMGlobal were halted on Friday following news that an unnamed suitor had made a “non-binding proposal” for the company. While the report did not disclose the offer price, RPMGlobal had a market capitalization of roughly AUD 832 million (USD 544 million) as of Thursday.
Earlier this week, RPMGlobal reported strong annual results and issued an upbeat outlook through 2026, sending its stock surging 17%. The robust performance has fueled further speculation about potential acquisition interest.