Humes says no
N3PA-AAP 'Melbourne ; I ■ : ' I Homes has advised share- I holders not to accept the ’ Smjorgon family's takeover ; offer pending an independent ! valuation. ■■ I- ■ The Smorgon ■ family. ! Humes’ largest" shareholder; is offering Aust24oc <NZ2s6c|> ' a share or convertible : note I for| the 53,9 per iqent of ] Humes it does not : already owp. > valuing- the concrete ]
products jgroup at SAust697.3 million (SNZ774M). Humes] said it had received the ’formal offer .from Smorgbh! and] had commissioned I accountants Arthur Andersen I anß: Co; jo prepare an inde- | pendent report.- ■- Pending that report, which : is (expected to value Humes : shares a't almost SAust3tloc ; iN]Z333c)| shareholders should : not accept the Smorgon offer. I thf company said.
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Press, 24 March 1988, Page 33
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114Humes says no Press, 24 March 1988, Page 33
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