humm Group Receives Acquisition Offer from The Abercrombie Group

Humm Group Limited ( (AU:HUM) ) has issued an announcement.

humm Group Limited has received a non-binding indicative offer from The Abercrombie Group Pty Ltd, led by Board Chair Andrew Abercrombie, to acquire all ordinary shares not already owned by TAG and its associates at a cash price of $0.58 per share. This offer, which is subject to several conditions including due diligence and shareholder approval, represents a significant premium over the closing price of $0.43 on June 23, 2025. An independent board committee has been formed to evaluate the offer, and TAG has been granted a four-week period for due diligence. The outcome of this potential acquisition could impact hummgroup’s market positioning and shareholder value, though there is no certainty that a binding agreement will be reached.

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 installment plans enabling businesses and consumers to make large purchases. Operating in Australia, New Zealand, Ireland, Canada, and the United Kingdom, its principal activities include Commercial Lending in Australia and New Zealand, Point of Sale Payment Plans, and various card services such as humm®90, Lombard, and Once in Australia, and Farmers Finance Card, Farmers Mastercard®, Q Card, Q Mastercard®, and Flight Centre Mastercard® in New Zealand.

Average Trading Volume: 1,269,624

Technical Sentiment Signal: Sell

Current Market Cap: A$214.2M

For detailed information about HUM stock, go to TipRanks’ Stock Analysis page.