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Takeovers Panel Flags Misleading Conduct in Humm Group Bid Battle
10:42am on Wednesday 18th of March, 2026 AEDT
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Financial Services
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Takeovers Panel Flags Misleading Conduct in Humm Group Bid Battle
10:42am on Wednesday 18th of March, 2026 AEDT
Key Points
Panel finds Humm's 17 Dec 2025 announcement misleading about board's engagement
Chair Andrew Abercrombie decided to reject Credit Corp's bid weeks before public disclosure
No independent board committee formed despite public statements to the contrary
Abercrombie's December share purchases potentially hinder Credit Corp's takeover bid
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