Bapcor gets OIO approval to buy Hellaby, says it's confident of topping 50% acceptances

Wed, 21 Dec 2016

By Sophie Boot Dec. 22 (BusinessDesk) - Bapcor, the ASX-listed auto-parts company, says it's confident it will get acceptances for more than 50 percent of Hellaby Holdings under its takeover offer and may waive its 90 percent ownership condition. The Overseas Investment Office has approved Bapcor's $3.60-per-share offer, it said in a statement to the ASX. The Australian company said it committed to investing in technology, operations and jobs at Hellaby over the next three to five years as part of its application to the OIO. Bapcor lifted...

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