Hutchison Telecommunications (Australia) Limited (ASX:HTA) Announces Takeover Offer
Takeover Offer
Hutchison Telecommunications (Amsterdam) B.V. (HTABV), a wholly-owned subsidiary of CK Hutchison Holdings Limited, has announced a takeover offer to acquire all remaining ordinary shares of Hutchison Telecommunications (Australia) Limited (ASX:HTA) for A$0.032 per share. HTABV currently holds approximately 87.87% of HTAL shares.
Offer Details
The offer represents a 52.4% premium over the closing price on 21 May 2025 of A$0.021 per share. HTABV aims to obtain a minimum of 97% interest in HTAL shares, enabling a compulsory acquisition of the remaining shares. The offer provides shareholders with immediate cash value and removes the risk of future dilution. HTABV does not anticipate any competing proposals and has already secured approval from the Australian Foreign Investment Review Board (FIRB).
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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