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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Tourism needs to 'embrace' job-sharing to spur recovery – report
Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

Law & Regulation FREE
Cigna admits to wrongly lifting customers' cover and premiums
Ella Somers | Wed, 10 Aug 2022

Cigna Life Insurance has admitted to misleading more than 52,000 customers.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).