Thomson Geer has acted for Hills Ltd (ASX: HIL) on the sale of its security and information and technology distribution division to Dicker Data Ltd (ASX: DDR) for approx. A$20 million. The sale is part of Hills' strategy to focus on the strong growth prospects associated with its Hills Health Solutions division and technical services operation. We advised on all aspects of the sale, including drafting and negotiating the BSA and working through complex submissions to ASX in relation to submissions on change of nature and scale of the business, calling a meeting of shareholders and entry into a trading halt prior to announcement.
Steve Bonnett, Jemma Smith