Humm Group Provides The Abercrombie Group Access to Certain Nonpublic Information in Due Diligence Process

MT Newswires Live
Jul 31

Humm Group (ASX:HUM) said it is providing The Abercrombie Group with access to certain nonpublic information after Humm's independent board committee decided that it is in the best interests of all shareholders to engage with The Abercrombie Group and provide limited, nonexclusive diligence, according to a Thursday Australian bourse filing.

The Abercrombie Group is the family office of Humm's Chair and substantial shareholder, Andrew Abercrombie.

The limited due diligence does not guarantee that the indicative proposal will result in a binding offer being made, the firm added.

Humm Group earlier received a nonbinding offer to be fully acquired by Abercrombie Group via a scheme of arrangement for AU$0.58 per share.

Its shares fell 1% in recent trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10