Bapcor offer for Hellaby goes unconditional

Thu, 12 Jan 2017

By Edwin Mitson Jan. 13 (BusinessDesk) - Bapcor's takeover offer of Hellaby Holdings has now been declared unconditional, with shareholders who have accepted the offer to receive $3.60 per share within the next 7 days. Representatives of the two companies met yesterday to discuss the takeover after Bapcor gained effective control of Hellaby by securing more than fifty percent of the shares. In a statement published to the NZX, Bapcor said that Hellaby's independent directors have now provided Bapcor with "sufficient comfort around th...

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