Brief: HRL Holdings Says Entered Into Bid Implementation Agreement With ALS Ltd

ALS

30/06/2022 02:50

June 30 (Reuters) - HRL Holdings Ltd  HRL.AX : 
    * ENTERS INTO BID IMPLEMENTATION AGREEMENT WITH ALS LIMITED
    * ALS WILL MAKE OFFERS TO ACQUIRE ALL OF ORDINARY SHARES OF
HRL IT
DOES NOT ALREADY OWN
    * BOARD UNANIMOUSLY RECOMMEND OFFER TO SHAREHOLDERS IN
ABSENCE OF
A SUPERIOR PROPOSAL
    * OFF-MARKET TAKEOVER OFFER AT A$0.16 CASH PER SHARE
    * ALS OFFERS TO ACQUIRE ALL OF ORDINARY SHARES OF HRL IT
DOES NOT
ALREADY OWN BY WAY OF AN OFF-MARKET TAKEOVER AT A$0.16 CASH PER
SHARE

Source text for Eikon:  ID:nASX5zwzRX 
Further company coverage:  ALQ.AX 

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