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Humm Group Limited ( (AU:HUM) ) has shared an update.
humm Group Limited has received a non-binding indicative proposal from The Abercrombie Group Pty Ltd to acquire the company for $0.58 cash per share. The Independent Board Committee of hummgroup is engaging with TAG to explore the possibility of a proposal that offers value and certainty to shareholders. While providing limited due diligence to TAG, hummgroup emphasizes that this does not guarantee a binding offer. Measures are in place to manage conflicts of interest, given the involvement of hummgroup’s Board Chair, Andrew Abercrombie, with TAG. Shareholders are advised that no action is required at this stage.
The most recent analyst rating on (AU:HUM) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Humm Group Limited stock, see the AU:HUM Stock Forecast page.
More about Humm Group Limited
humm Group Limited is a diversified financial services company that provides instalment plans for businesses and consumers to facilitate large purchases. Operating in Australia, New Zealand, Ireland, Canada, and the United Kingdom, its principal activities include commercial lending, point of sale payment plans, and various card services in Australia and New Zealand.
Average Trading Volume: 1,554,686
Technical Sentiment Signal: Buy
Current Market Cap: A$288.1M
For an in-depth examination of HUM stock, go to TipRanks’ Overview page.