Hellaby tells shareholders to reject Bapcor offer, issues 1H guidance, offers special dividend if offer fails

Thu, 15 Dec 2016

By Sophie Boot Dec. 16 (BusinessDesk) - Hellaby Holdings, which is engaged in a battle to fend off unwanted suitor Bapcor, has advised shareholders not to accept a revised takeover offer, provided first-half guidance for profit of up to $39.5 million, and promised a special dividend if the offer fails. ASX-listed auto-parts company Bapcor lifted its offer to $3.60 a share from $3.30 on Dec. 5, but said it would not increase its price further. It launched its original bid in September and is aiming to achieve 90 percent ownership letting i...

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