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Hancock & Gore Proposes $20M Asset Acquisition via Scrip Deal
10:15am on Monday 13th of January, 2025 AEDT
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Hancock & Gore Proposes $20M Asset Acquisition via Scrip Deal
10:15am on Monday 13th of January, 2025 AEDT
Key Points
Non-binding proposal to acquire H&G High Conviction Limited’s assets for scrip at $0.30 per share
Proposal values HCF assets at $1.00 per share less costs and dividends
H&G owns 20.4% of HCF and manages its portfolio through a subsidiary
Acquisition expected to add approximately $20 million in strategic liquid assets to H&G
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Hancock & Gore (ASX:HNG)
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