Hunter Hall International Limited and Pengana Capital Limited Proposed Merger
Hunter Hall’s Board of Directors unanimously recommend that shareholders vote in favour of the Merger, subject to the favourable opinion of an Independent Expert and in the absence of a superior proposal.
Proposed Hunter Hall and Pengana Capital Merger
Hunter Hall Shareholders are being asked to vote on a proposed merger between Hunter Hall International Limited and Pengana Capital Limited.
Notice of General Meeting, including Independent Expert Report, to be sent to Hunter Hall Shareholders on 18 April 2017.
The Independent Directors have carefully considered the WHSP Offer and recommend that you REJECT the Revised Offer as they consider the recently announced Pengana merger represents a materially superior proposal for Hunter Hall shareholders. The WHSP offer also represents a discount to the value range assessed by the Independent Expert in response to WHSP’s initial offer.
Revised takeover bid by Washington H Soul Pattinson and Company Limited
Before you make any decision in relation to the Offer, Hunter Hall strongly encourages you to read the Target's Statement (including the Independent Expert's Report), and also the Bidder's Statement, in full and also to seek any independent financial, legal, taxation or other professional advice that you require.
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