Bapcor's takeover tilt delays Hellaby boardroom refresh, chairman Smith says

Mon, 10 Oct 2016

By Paul McBeth Oct. 10 (BusinessDesk) - ASX-listed Bapcor's $322.5 million takeover bid for Hellaby Holdings has delayed the NZX-listed company's plans to freshen up its boardroom, chairman Steven Smith has told shareholders at its annual meeting in Auckland. The Auckland-based company has delayed the appointment of two new directors, who were picked to increase Hellaby's diversity and provide experience in the resource services sector to let the current board deal with a hostile takeover they say is opportunistic and undervalues the bu...

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