The Board of Hunter Hall International Limited (ASX:HHL) wishes to notify its shareholders that Peter Hall has advised the Board of HHL that he has agreed to sell part of his HHL shareholding, equivalent to 19.9% of the issued share capital of HHL, to Washington H. Soul Pattinson and Company Limited (ASX:SOL) for $1.00 per share.
WHSP have stated their intention to make a takeover bid for all of the shares of HHL for at least $1.00 per share. The terms of the agreement between Peter Hall and WHSP are attached. WHSP has also made an announcement to the market.
Peter Hall said “I have known Washington Soul Pattinson for many years having first met patriarch Jim Millner in his office above the chemist shop in Pitt Street in 1985. WHSP is a very fine Australian institution with diversified interests.
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