LiveHire takeover bid update

LiveHire (ASX:LVH) has announced the second supplementary bidder's statement from Humanforce Holdings Pty Ltd regarding its takeover bid for all LiveHire shares it does not own. The bid remains at $0.045 per share.

Overview of LiveHire's takeover scenario

Humanforce Holdings Pty Ltd has issued a second supplementary bidder's statement as it continues its on-market takeover bid for LiveHire Ltd shares. The offer price of $0.045 per share is final, and Humanforce plans to proceed with the compulsory acquisition of remaining shares after gaining over 90% control. The independent expert's report has deemed the offer fair and reasonable, and the LiveHire board recommends shareholders accept the offer, as it provides a significant premium over past trading prices. Shareholders are advised to act promptly to secure cash payment on a T+2 basis, or face delays from the compulsory acquisition process. The statement has been lodged with ASIC and provided to the ASX.

Executive insights on the takeover

The offer is considered fair and reasonable by an independent expert, and the LiveHire board recommends acceptance in the absence of a superior proposal.