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.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.