Key details on Humanforce's takeover bid

LiveHire (ASX:LVH) is moving forward with the acquisition of its remaining shares by Humanforce Holdings Pty Ltd. Humanforce, which already holds a 94.11% stake, will proceed with compulsory acquisition. They offer $0.045 per share, a final price. LiveHire's independent director recommends shareholders accept the offer.

Overview of takeover process and outlook

Humanforce Holdings Pty Ltd is advancing in its on-market takeover bid to acquire all remaining shares of LiveHire (ASX:LVH). With a controlling interest of 94.11%, Humanforce is set to initiate compulsory acquisition at $0.045 per share, a price they state will not increase. Shareholders accepting the offer will receive payment promptly, while those who do not may experience delays. The offer is described as providing certainty and represents a premium to prior market prices. The independent director, Andrew Rutherford, advises acceptance unless a better offer emerges. This move is part of Humanforce's strategy to consolidate control over LiveHire, marking a significant step in the acquisition process.

Insights from LiveHire's leadership

I strongly recommend that shareholders accept the offer in the absence of a superior proposal.