Hutchison Telecommunications (ASX:HTA) Announces Takeover Offer
Takeover Offer Details
Hutchison Telecommunications (Amsterdam) B.V. (HTABV), a wholly-owned subsidiary of CK Hutchison Holdings Limited, has launched an off-market takeover bid for Hutchison Telecommunications (Australia) Limited (ASX:HTA). The offer is set at A$0.032 cash per ordinary share, aiming to acquire all outstanding shares not already held by HTABV.
Financial Impact
The offer represents a significant premium over recent trading levels, with a 52.4% premium to the closing price on 21 May 2025 of A$0.021. The total consideration could reach approximately A$52.7 million if all available shares are acquired.
Future Outlook
Upon successfully acquiring at least 97% of HTAL shares, HTABV intends to proceed with the compulsory acquisition of remaining shares, delisting HTAL from the ASX, and possibly restructuring the company’s board. Current employees are expected to continue in their roles.
Motley Fool contributor Kiarra Jackson 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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