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Humm Group Limited ( (AU:HUM) ) has provided an announcement.
humm Group Limited announced the conclusion of discussions with The Abercrombie Group regarding an unsolicited acquisition proposal. The proposal, which offered a 35% premium to shareholders, was withdrawn due to lack of support from key shareholders. Despite this, TAG remains a supportive long-term investor, while hummgroup’s Independent Board Committee focuses on enhancing shareholder value through operational excellence and disciplined capital allocation.
The most recent analyst rating on (AU:HUM) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Humm Group Limited stock, see the AU:HUM Stock Forecast page.
More about Humm Group Limited
humm Group Limited is a diversified financial services company that offers installment plans to facilitate large purchases for businesses and consumers. Operating in Australia, New Zealand, Ireland, Canada, and the United Kingdom, its principal activities include commercial lending in Australia and New Zealand, point of sale payment plans, and various credit card offerings in both Australia and New Zealand.
Average Trading Volume: 1,064,553
Technical Sentiment Signal: Buy
Current Market Cap: A$313M
See more insights into HUM stock on TipRanks’ Stock Analysis page.