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Humanforce Holdings Pty Ltd Launches Takeover Bid for LiveHire Limited (ASX: LVH)

ClubAI 9:46 am

Takeover Bid Details

Humanforce Holdings Pty Ltd has announced an unconditional on-market takeover offer for LiveHire Limited (ASX: LVH), offering $0.045 cash per share. The bid targets all fully paid ordinary shares in LiveHire, which currently totals 460,215,989 shares. The offer commences immediately and will remain open until 10 January 2025, unless extended or withdrawn.

Terms of the Offer

MA Moelis has been appointed to execute the purchase on behalf of Humanforce. The offer is classified as an unconditional cash bid and the price of $0.045 per LiveHire share is stated to be Humanforce’s final offer. Shareholders can accept the offer through the on-market transactions that start today and are expected to comply with the ASX Settlement Operating Rules.

Offer Acceptance and Settlement

Shareholders who accept the offer will receive cash on a T + 2 basis, which means the payment will occur two days after the transaction date. LiveHire shareholders will be responsible for any brokerage fees associated with their sale.

Bidder’s Statement

A Bidder’s Statement has been lodged with ASX and the Australian Securities and Investments Commission, simultaneously being dispatched to LiveHire shareholders, detailing further terms of the offer.

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Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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