Hunter Hall creates board committee to consider bid and other alternatives

Hunter Hall has established an independent board committee to consider a takeover bid from investment firm Washington H. Soul Pattinson, which Hunter Hall says is at a material discount to the company's current share price.

WHSP announced on December 30 that it intends to acquire all of the shares in the ASX-listed investment manager that it does not already own, after agreeing to buy a stake of 19.9 per cent from Hunter Hall chief executive Peter Hall, who is also the largest shareholder.

AAP