June 28 (Reuters) - ALS Ltd (ALQ) :
- CONFIRMS THAT ON 30 MAY IT SUBMITTED A CONFIDENTIAL NON-BINDING PROPOSAL TO ACQUIRE 100% OF HRL HOLDINGS
- PROPOSAL FOR A$0.16 PER SHARE PAID IN CASH
- NEGOTIATIONS ARE ONGOING, AS IS EXCLUSIVITY PERIOD
- NO CERTAINTY THAT DISCUSSIONS WILL RESULT IN A TRANSACTION
- HRL HAS COMMITTED TO A PERIOD OF EXCLUSIVE DUE DILIGENCE AND NEGOTIATIONS WITH ALS IN RELATION TO PROPOSAL
