helloworld is again talking with The AOT Group about a potential merger just a couple of months after pulling out of earlier talks.

 

helloworld this morning put out a statement to the Australian Stock Exchange in response to a story featured in today’s Australian Financial Review.

“HLO confirms that it has recommenced discussions with AOT regarding a potential merger transaction,”

helloworld statement

“The evaluation of any merger is still in progress and there is no certainty that these discussions will lead to any transaction.”

In September helloworld rejected a proposed merger with AOT Group, stating” the strategic and financial merits of the acquisition were insufficiently compelling. The terms of the transaction would have resulted in the vendors of AOT becoming significant minority shareholders in HLO.”

AOT’s Managing Director Andrew Burnes already owns more than 10% of helloworld, which they purchased in April this year.

The company confirmed it would update the market in line with its disclosure obligations, and stressed that it is “committed to the long-term growth” of the business.

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