LiveHire Ltd. (AU:LVH) has released an update.
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LiveHire Ltd has issued its ninth supplementary target’s statement urging shareholders to accept the on-market takeover bid by Humanforce Holdings Pty Ltd before it closes on 11 October 2024. According to LiveHire’s Independent Director, Andrew Rutherford, it is highly unlikely that a competing bid will emerge, given Humanforce’s current 61.22% stake in LiveHire shares. Shareholders are warned that if they do not accept the offer, they risk a significant drop in share price as minority shareholders in a Humanforce-controlled entity.
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