Australia's Humm Group climbs to 10-month high on Credit Corp's takeover bid

Humm

17/12/2025 02:30

** Shares of Australia's Humm Group HUM.AX rise 11.4% to A$0.735, their highest level since February 18

** The non-bank lender gets a non-binding indicative takeover proposal from Credit Corp Group  CCP.AX

** Under the proposal, co's shareholders will receive A$0.77 per share in cash, representing a 16.7% premium to last close

** But alternatively, if the scheme fails, CCP proposes an off-market takeover offer at A$0.72 per HUM share in cash

**  Co says its board has offered to provide Credit Corp due diligence, subject to settling a non-disclosure agreement

** Credit Corp shares down 1% at A$13.805

** YTD, co adds 5.8%

($1 = 1.5097 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))