LiveHire Shares Surge 66% Following $0.045 Per Share Takeover Bid by Humanforce

2 min read | November 24, 2024 06:31 PM PST | By Team Kalkine Media

LiveHire Shares Surge 66% Following $0.045 Per Share Takeover Bid by Humanforce — Image source: shutterstock

Offer Details

Humanforce currently owns 87.76% of LiveHire's shares and is now seeking to acquire the remaining 12.24% of shares. The takeover offer represents a substantial premium over LiveHire’s recent share price of $0.027 and its recent entitlement offer price of $0.039.

Director's Recommendation

LiveHire’s Independent Director, Andrew Rutherford, has recommended that shareholders accept the offer in the absence of a superior proposal. He emphasized that the offer is final and unconditional, making it a certain cash consideration opportunity for shareholders. The offer also provides a liquidity event, which is important for shareholders, as they could face the risk of being minority stakeholders in a company controlled by Humanforce if they do not sell.

Acceptance Process

Humanforce intends to immediately commence purchasing LiveHire shares on the market through its appointed broker, MA Moelis Australia Securities Pty Ltd. LiveHire shareholders wishing to accept the offer are encouraged to sell their shares before the offer closes on 10 January 2025. More detailed information, including an independent expert’s report, will be provided in LiveHire’s Target’s Statement by 9 December 2024.

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