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RPC confirms Berry Global is still in the takeover battle

RPC has had to send a slew of stuff off to shareholders about the recommended bid from Apollo but reminded shareholders a rival bid could be in the offing

Takeover bid
The Takeover Panel will announce the deadline by which Berry must clarify its intentions in relation to RPC

RPC Group PLC (LON:RPC) is sending shareholders details of the agreed bid by Apollo Management while continuing to talk to rival bidder, Berry Global Group.

The FTSE 250 packaging group is sending shareholders a circular containing, among other things, a letter from the chairman of RPC, the full terms and conditions of the scheme under which the recommended acquisition by Apollo would be affected, a statutory explanatory statement, and an expected timetable of principal events.

READ: RPC reports third quarter revenue growth as takeover battle heats up

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