The pair revealed on Tuesday they had entered a merger implementation deed which will see Horizon shareholders receive 0.724 Roc shares for each Horizon share they hold.
This will result in Roc shareholders holding about 42% of the newly merged company and Horizon shareholders owning about 58%.
In a joint press release, Roc and Horizon said the proposed merger was backed by the boards of both companies, subject to an independent expert verifying the merger is in the best interest of Horizon shareholders.
The
