Chempro's Henry hits takeover target for ASX-listed Hydromet

Tue, 19 Jun 2012

By Paul McBeth June 19 (BusinessDesk) - Chempro Logistics director Simon Henry has hit the 90 percent level of acceptances from ASX-listed Hydromet, meaning he can force the remaining shareholders to sell out to him. Henry's A$24 million takeover bid passed the mark last week according to a substantial holder notice filed with the ASX yesterday, paving the way for him to de-list the industrial waste recycler and reorganise its assets with other companies he owns. That could see the Hydromet assets merged with Henry's Chempro Logisitcs, whi...

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