Brief: ALS Ltd Says Confirms It Submitted A Confidential Non-Binding Proposal To Buy HRL Holdings

ALS

28/06/2022 01:05

June 28 (Reuters) - ALS Ltd  ALQ.AX :
    * CONFIRMS THAT ON 30 MAY IT SUBMITTED A CONFIDENTIAL
NON-BINDING
PROPOSAL TO ACQUIRE 100% OF HRL HOLDINGS
    * PROPOSAL FOR A$0.16 PER SHARE PAID IN CASH
    * NEGOTIATIONS ARE ONGOING, AS IS EXCLUSIVITY PERIOD
    * NO CERTAINTY THAT DISCUSSIONS WILL RESULT IN A TRANSACTION
    * HRL HAS COMMITTED TO A PERIOD OF EXCLUSIVE DUE DILIGENCE
AND
NEGOTIATIONS WITH ALS IN RELATION TO PROPOSAL

Source text for Eikon:  ID:nASX7Xk16G 
Further company coverage:  ALQ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))