Hunter Hall International rejects both revised Takeover Offers

Company News

by Jessica Amir

Hunter Hall International (ASX:HHL) has announced it intends to reject Pinnacle Investment Management (ASX:PNI)'s revised Takeover Offer of $2.00 per share.

The ethical fund manager also previously recommended its shareholders reject Washington H. Soul Pattinson and Company (ASX:SOL)'s revised Takeover Offer of $1.60 per share.

Hunter Hall International (ASX:HHL) says both offers significantly undervalue HHL shares.

Hunter Hall International (ASX:HHL) also says its independent directors and advisers are in discussions with a number of strategic parties, while the company is also exploring all potential options in the best interest of shareholders.

Hunter Hall International (ASX:HHL) reported a net profit of $19.11 million at 30 June 2016.

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