Receipt of Non-Binding Indicative Offer from ALS Limited
HRL Holdings Limited (ASX: HRL) advises that on 30 May 2022, it received an unsolicited, non-binding indicative offer (NBIO) from ALS Limited (ALS) to acquire 100 per cent of the ordinary shares of HRL for A$0.16 cash per share (ALS Proposal).
The discussions between the parties in relation to the NBIO are preliminary and incomplete and no agreement has been reached in relation to any transaction. There is no guarantee that any agreement will be reached or that a transaction will eventuate.To ensure an informed market, HRL sets out the key terms of the current indicative offer below.
Had a quick look and seems HRL numbers had gone backward recently. Maybe ALS pouncing at the opportunity while HRL is on a downward slope?
Non binding so no guarantee a takeover will eventuate.
Another interesting fact: Australian Ethical has a stake in HRL.
