Overview of Humanforce Holdings Pty Ltd's takeover bid for LiveHire Ltd

Humanforce Holdings Pty Ltd (ASX:LVH) has issued a second supplementary bidder's statement on 30 September 2024, announcing an increase in its voting power in LiveHire to over 50%. The offer period has been automatically extended, and LiveHire directors continue to unanimously recommend that shareholders accept the Humanforce offer.

Humanforce's perspective on the takeover bid

Humanforce is pleased to announce that its voting power in LiveHire has surpassed 50%, making it the largest shareholder in LiveHire. The offer period has been extended, and shareholders are encouraged to accept the offer as soon as possible. LiveHire directors continue to recommend accepting the Humanforce offer, and it is noted that no superior proposal has emerged in the past six weeks.

Summary of LiveHire's takeover bid and outlook

Humanforce Holdings Pty Ltd has released a second supplementary bidder's statement, indicating an increase in its voting power in LiveHire to over 50%. The offer period has been automatically extended, and LiveHire directors unanimously recommend that shareholders accept the Humanforce offer. The likelihood of a competing proposal is considered low, and the second supplementary bidder's statement has been approved by the directors of Humanforce.