Australian (ASX) Stock Market Forum

HUO - Huon Aquaculture Group

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RECOMMENDED ACQUISITION OF HUON BY JBS
Highlights
  • Huon has entered into a Scheme Implementation Deed with JBS to acquire 100% of Huon shares by way of a Scheme of Arrangement
  • Under the terms of the Scheme, Huon shareholders will receive A$3.85 cash per Huon share
  • Huon’s Board intends to declare a fully franked Special Dividend of up to A$0.125 per Huon share prior to implementation of the Scheme, which would enable Huon shareholders to realise additional benefits from franking credits of up to A$0.05 per Huon share
 
Huon Aquaculture appears almost certain to become foreign controlled, after Australia's Foreign Investment Review Board gave the green light to the takeover plan from Brazilian meat-processor JBS
 
On November 19th, 2021, Huon Aquaculture Group Limited (HUO) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between HUO and its shareholders in connection with the acquisition of all the issued capital in HUO by JBS Australia Pty Ltd.
 
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