Craigs recommends Hellaby shareholders sell to Bapcor

Wed, 14 Dec 2016

By Edwin Mitson Dec. 14 (BusinessDesk) - Craigs Investment Partners has written to its partners recommending that shareholders in Hellaby Holdings accept the offer from Bapcor at $3.60 a share. In a statement published to the NZX this morning, Bapcor said it now owned just over 40 percent of Hellaby. Shareholders in Hellaby were told the price of $3.60 provides "reasonable value against the current Hellaby share price of $3.45, offers a 29 percent premium to the three-month volume weighted average price prior to the initial bid from...

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