Takeover target

Who else thinks we are still a sitting duck for a low price takeover...what is the future worth? Just over a year ago who recalls Harman International (a subsidiary of Samsung) looking at NUH for $84 Million deal - price was at 5c then & ran over 6c BUT since then Nuheara has a hugely improved product MAX already sitting alongside equal or better to some really BIG names. I think we have to watch out - someone is stealing our Shares!

Samsung subsidiary behind Nuheara bidLucas Baird Reporter Jul 5, 2019 – 4.03pm Perth
start-up Nuheara has revealed the identity of its mystery bidder as Harman International, a wholly-owned subsidiary of South Korean electronics giant Samsung.The details were disclosed late on Thursday night in response to an ASX query over a report in The Australian Financial Review that linked Samsung to a failed takeover attempt of Nuheara in April.Nuheara, which manufactures high-end earbud listening devices, was valued at $84 million in the deal. However, the offer was pulled after the counterparty realised disclosure documents had to be handed to the securities exchange.The start-up disputed the accuracy of the report and told the ASX, “Harman was the counterparty and not Samsung”.Related Samsung's ill-fated $84m bid for a Perth start-up“ Harman is a subsidiary of Samsung, but Nuheara understands thatHarman operates separately from Samsung and conducts its own business,” Nuheara said in a statementRelated QuotesNUHNuheara Limited$0.05 -9.26%1 year1 day0.04 at 17/7/20Oct 19Jan 20Apr 20Jul 200.010.030.050.07Updated: Sep 2, 2020 – 11.17am. Data is 20 mins delayed.View NUH related articles