Hellaby shares trade below takeover price as Bapcor war of words grinds on

Thu, 24 Nov 2016

By Edwin Mitson Nov. 24 (BusinessDesk) - The war of words between Australian autoparts company Bapcor and its takeover target, Hellaby Holdings, is continuing, with Hellaby's independent chairman writing to shareholders accusing it of attempting to discredit the independent report prepared by Grant Samuel. Shares in Hellaby have traded as low as $3.20 today, the lowest price since the takeover was announced at $3.30 a share in September. By mid-afternoon, they were trading at $3.23, down 2.71 percent on yesterday's closing price. They've...

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