NZ takeover of ASX-listed Hydromet on the home run

Mon, 18 Jun 2012

By Paul McBeth June 19 (BusinessDesk) - New Zealand hazardous chemicals business Chempro Logistics is poised to take over ASX-listed industrial waste recycler Hydromet after hitting 90 percent acceptance Hydromet shareholders. Chempro director Simon Henry's A$24 million takeover bid passed the compulsory acquisition threshold last week, according to a substantial holder notice filed with the ASX yesterday, paving the way for him to de-list Hydromet and reorganise its assets with other companies he owns. That could see the Hydromet assets m...

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