Humm Group
ASX:HUM
Founder and former chair Andrew Abercrombie jumped from the board before his fellow shareholders had the chance to push him. But he might be playing a longer game.
The proxy adviser changed its recommendation on the eve of Humm Group’s extraordinary general meeting after the Takeovers Panel revealed more problematic activity.
CEO Thomas Beregi wanted to wrap things up by 1 May. With that timeline rapidly approaching, some market watchers are casting doubt on whether a deal will get done.
Humm Group's board infuriated investors after sitting on the buyout bid. But Credit Corp boss Thomas Beregi says he wasn't expecting his confidential offer to be made public.
Activist shareholders Raper Capital and Collins Street Asset Management are targeting a shareholder meeting in February to spill Humm Group's board.
The timing of Humm Group’s disclosure of a month-old takeover approach has infuriated activist investors, who are preparing to escalate their campaign to spill the board.
Two investors are attempting to thwart an "insultingly low" bid from the buy now pay later's chairman and controlling shareholder and are hopeful others will join them.
