July 2 (Reuters) - Hometown Australia Holding
- HOMETOWN TAKEOVER OFFER
- TAKEOVER OFFER FOR GATEWAY AT $2.25 PER STAPLED SECURITY
- PROPOSAL INCLUDES PROVISION TO LIFT TO $2.30 PER STAPLED SECURITY UPON EXECUTION OF BID IMPLEMENTATION AGREEMENT
- HOMETOWN'S OFFER IS NOT SUBJECT TO DUE DILIGENCE