Jun 22, 2026 – 9.52amASX-listed debt collector Credit Corp has dropped its $385 million takeover offer for Andrew Abercrombie’s troubled Humm Group, citing its discomfort with several issues plaguing the company after a rebuke from the Takeovers Panel and a prominent activist investor campaign.The withdrawal follows eight months of uncertainty for Humm, during which its governance and Abercrombie’s influence as its controlling shareholder were critically examined.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Credit Corp pulls $385m offer for Abercrombie’s troubled Humm
The withdrawal follows eight months of uncertainty for the takeover target, which faced criticism of its governance and an activist investor campaign.
TL;DRAI
Credit Corp withdrew its $385M Humm offer after Takeover Panel intervention and governance disputes. The collapse signals heightened regulatory scrutiny on M&A involving founder-controlled structures, raising integration and leadership transition risk for potential acquirers.
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