UK's Vesuvius weighs Austria-based rival RHI Magnesita's £1.37 billion bid; shares jump

British engineering firm Vesuvius LSE:VSVS said on Tuesday it was assessing a £1.37 billion ($1.81 billion) cash-and-stock bid from Austria-based RHI Magnesita N.V LSE:RHIM, sending shares up 31%.The bid comes after Vesuvius rejected a series of proposals from RHI Magnesita over the past year. The…