Humm Group Concludes Talks with Credit Corp
Key points
- Humm Group ends discussions with Credit Corp
- Proposal deemed not in shareholders' interests
- Humm Group confident in independent future
- Focus on profitable and sustainable growth
Full summary
Humm Group Limited (ASX: HUM) has concluded discussions with Credit Corp Group Limited regarding a proposed acquisition. After providing extensive information and engaging constructively, the Independent Board Committee found the updated proposal materially lower and not in shareholders' interests. The Board remains confident in the company's prospects as an independent entity, focusing on profitable and sustainable growth.
Outlook
Humm Group remains confident in its future as an independent company, focusing on profitable and sustainable growth.
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