Brief: Hrl Holdings Says Got Non-Binding Indicative Offer From ALS Limited

ALS

28/06/2022 02:03

June 28 (Reuters) - ALS Ltd  ALQ.AX :
    * RECEIPT OF NON-BINDING INDICATIVE OFFER FROM ALS LIMITED
    * ALS LIMITED TO ACQUIRE 100 PER CENT OF ORDINARY SHARES OF
HRL
FOR A$0.16 CASH PER SHARE
    * DISCUSSIONS BETWEEN PARTIES IN RELATION TO NBIO ARE
PRELIMINARY
    * HRL HAS AGREED TO CERTAIN DUE DILIGENCE, EXCLUSIVITY,
NOTIFICATION AND BREAK FEE PROVISIONS UNDER DEAL
    * THERE IS NO CERTAINTY THAT HRL'S DISCUSSIONS WITH ALS WILL
RESULT IN AN ACCEPTABLE PROPOSAL

Source text for Eikon:  ID:nASXbSGV04 
Further company coverage:  ALQ.AX 

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