Bapcor insists no dividend payment, says $3.60 a share is final offer for Hellaby

Edwin Mitson
Tue, 06 Dec 2016

By Edwin Mitson Dec. 6 (BusinessDesk) - Bapcor has accused the independent directors of Hellaby Holdings of overreaching in their guidance to shareholders after they sought a further dividend payment before they'd back a sweetened takeover offer. The Australian auto-parts company raised its offer to $3.60 a share from $3.30 on Monday, but said it would not increase its price further.  However in response, the independent directors responded that they believed the revised terms of the offer, "should also allow for the payment of a divid...

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