Takeovers Panel sees no code breach by Hellaby, Grant Samuel, rejects Bapcor request to investigate

Tue, 15 Nov 2016

By Jonathan Underhill Nov. 15 (BusinessDesk) - The Takeovers Panel says it won't accede to a request from Bapcor Finance to convene a meeting to look into alleged breaches of the Takeovers Code by Hellaby Holdings and its adviser Grant Samuel in urging shareholders to reject a takeover offer from the ASX-listed company. Last Wednesday, Bapcor made a formal request for the panel to convene a meeting under section 32 (1) of the Takeovers Act to determine whether the code had been breached in relation to the offer. Hellaby has urged sharehol...

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