Hellaby appoints Grant Samuel to assess 'opportunistic' takeover bid

Sun, 02 Oct 2016

By Paul McBeth Oct. 3 (BusinessDesk) - Hellaby Holdings has appointed independent adviser Grant Samuel to prepare a report to shareholders on what the board says is an "opportunistic" takeover bid that doesn't represent fair value for the company. Grant Samuel will prepare an independent report for Hellaby shareholders to weigh the merits of Bapcor's $322.5 million offer, though the board's preliminary view is that it undervalues the company. Hellaby has also hired legal advisory firm Harmos Horton Lusk and Forsyth Barr's investment bank...

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