News: HRL Hrl Holdings Says Got Non-Binding Indicative Offer From ALS Limited

June 28 (Reuters) - ALS Ltd (ALQ) :

• RECEIPT OF NON-BINDING INDICATIVE OFFER FROM ALS LIMITED
• ALS LIMITED TO ACQUIRE 100 PER CENT OF ORDINARY SHARES OF HRL FOR A$0.16 CASH PER SHARE
• DISCUSSIONS BETWEEN PARTIES IN RELATION TO NBIO ARE PRELIMINARY
• HRL HAS AGREED TO CERTAIN DUE DILIGENCE, EXCLUSIVITY, NOTIFICATION AND BREAK FEE PROVISIONS UNDER DEAL
• THERE IS NO CERTAINTY THAT HRL'S DISCUSSIONS WITH ALS WILL RESULT IN AN ACCEPTABLE PROPOSAL