Bapcor bid gives Hellaby shareholders easy exit, avoiding showdown, CEO Abotomey says

Fri, 30 Sep 2016

By Paul McBeth Sept. 30 (BusinessDesk) - ASX-listed Bapcor's $322.5 million takeover offer gives existing shareholders an easy exit from a traditionally thinly traded stock and would avoid the fall-out of automotive firms going head-to-head, chief executive Darryl Abotomey says. The Preston, Victoria-based company is offering $3.30 a share, entering into lock-up agreements with Salt Funds Management, Accident Compensation Corp and Hugh Green Holdings' Castle Investments, securing almost 30 percent of the NZX-listed firm. The deal would g...

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