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ALS LIMITED — M&A Activity 2022
Jun 27, 2022
64365_rns_2022-06-27_1cb2b3a4-d005-4d74-9ab4-e057060f4b69.pdf
M&A Activity
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asx/media release
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28 June 2022
Response to media speculation - exclusive negotiations with HRL Holdings
ALS Limited (ASX: ALQ) confirms that on 30 May 2022 it submitted a confidential non-binding proposal (“Proposal”) to acquire 100% of HRL Holdings (ASX: HRL) for $0.16 per share paid in cash.
The Proposal was subject to a number of conditions, including satisfactory completion of due diligence.
ALS and HRL then entered into binding confidentiality and exclusivity arrangements whereby HRL has committed to a period of exclusive due diligence and negotiations with ALS in relation to the Proposal. These negotiations are ongoing, as is the exclusivity period. There is no certainty that the discussions will result in a transaction. ALS will keep the market informed of any substantial developments in accordance with its continuous disclosure obligations.
ALS is advised by Highbury Partnership and Baker & McKenzie.
Approved for release by a subcommittee of the ALS Limited Board.
-ENDS-
For further information please contact:
Investor Relations Media Cameron Sinclair Lauren Thompson ALS Limited +61 438 954 729 +61 412 430 393 [email protected] Celia Moore +61 432 344 069
About ALS Limited
ALS is a global Testing, Inspection & Certification business. The company’s strategy is to broaden its exposure into new sectors and geographies where it can take a leadership position.
alsglobal.com