June 30 (Reuters) - HRL Holdings Ltd (HRL) :
- ENTERS INTO BID IMPLEMENTATION AGREEMENT WITH ALS LIMITED
- ALS WILL MAKE OFFERS TO ACQUIRE ALL OF ORDINARY SHARES OF HRL IT DOES NOT ALREADY OWN
- BOARD UNANIMOUSLY RECOMMEND OFFER TO SHAREHOLDERS IN ABSENCE OF A SUPERIOR PROPOSAL
- OFF-MARKET TAKEOVER OFFER AT A$0.16 CASH PER SHARE
- ALS OFFERS TO ACQUIRE ALL OF ORDINARY SHARES OF HRL IT DOES NOT ALREADY OWN BY WAY OF AN OFF-MARKET TAKEOVER AT A$0.16 CASH PER SHARE
