LiveHire Ltd (ASX: LVH) Announces Takeover Offer Recommendation
Takeover Offer Overview
Humanforce Holdings Pty Ltd has made an unconditional on-market takeover bid for LiveHire Ltd (ASX: LVH). The offer values LiveHire shares at $0.045 each. Following the bid’s announcement on November 25, 2024, LiveHire’s Independent Director has recommended that shareholders accept the offer if no superior proposal emerges.
Independent Expert Assessment
The Independent Expert, RSM Corporate Australia Pty Ltd, assessed that the offer is fair and reasonable for Non-Associated LiveHire shareholders. The fairness is based on their valuation of LiveHire shares, indicating the offer price exceeds their assessed fair value range of $0.034 to $0.040 per share. The conclusion highlights the offer accentuates immediate liquidity opportunities for shareholders.
Executive Comments
Andrew Rutherford, Independent Director of LiveHire, stated, “We believe accepting the Humanforce offer represents the most advantageous option for shareholders, considering the absence of any superior proposals and the Independent Expert’s conclusion on fairness.”
Next Steps for Shareholders
Shareholders are advised to consider the Independent Director’s recommendations and referred to the Target’s Statement for further actionable insights before making their decisions. The offer is open until the close of trading on January 10, 2025.
LiveHire is anticipated to provide further updates as necessary, maintaining ongoing communication with shareholders as the process unfolds.
Motley Fool contributor Kiarra Jackson 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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