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Last man standing, Humm Majority Directors stand down after failed sale of BNPL division
As a drama positioning itself as Season 2 of a potential Netflix series on ASX-listed controversy, the boardroom warfare between Humm (ASX: HUM) directors is nearing an end with its Majority Directors all tendering their resignation, leaving Andrew Abercrombie as the sole member, following the failure of its sale to Latitude Financial (ASX: LFS). FollowingRead MorePublic
Latitude to acquire Humm’s consumer lending division as BNPL cools off
It’s confirmed- and whilst it doesn’t have the same scoop-your-jaw-off-the-floor effect as Afterpay’s (ASX: APT) $39 billion takeover from Square, Aussie grown BNPL Humm’s (ASX:HUM) consumer lending division is being acquired by Latitude Group (ASX: LFS). The deal is expected to bring $55 million in annual synergies for Latitude which are anticipated to be fully
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Latitude makes $335m play for Humm’s BNPL division after BOQ pulls out
Australia’s OG buy-now-pay-later business is set to be cashed out at a high as the sector undergoes a consolidation phase with Humm Group (ASX: HUM) having been tapped on the shoulder by Latitude (ASX: LFS) for its consumer finance business to the tune of a $335 million offer. The offer comes in the form of
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Strike 2 – Latitude IPO pulled amidst lack of investor confidence in float
The somewhat hyped IPO of Latitude Financial Group, which would have been the biggest of 2019, has been pulled from listing after various attempts to encourage brokers and investors to participate in the float. The news comes just one day after lead managers for the IPO contacted prospective investors forewarning that demand for shares in
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