LiveHire Limited (ASX:LVH) Announces Extension for Target’s Statement
Takeover Bid Overview
LiveHire Limited (ASX:LVH) is responding to the on-market takeover bid by Humanforce Holdings Pty Ltd, offering $0.045 per share for all LiveHire Shares not already owned by them. As of now, Humanforce holds a significant 94.11% of LiveHire Shares.
ASIC Extension Granted
The Australian Securities and Investments Commission (ASIC) has granted LiveHire an extension of seven days for the submission of the Target’s Statement. This decision was made to allow time for an independent expert to prepare its report for inclusion in the statement. The deadline has now been shifted to 16 December 2024.
Investor Guidance
LiveHire advises its shareholders to take no action regarding the offer until they have reviewed the upcoming Target’s Statement. Humanforce has also indicated its intentions to proceed with compulsory acquisition of outstanding shares.
Motley Fool contributor Abbie Stokes 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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