UPDATE: Bapcor stake in Hellaby tips over 50%, higher threshold condition waived

Tue, 10 Jan 2017

(Changes pars 1 - 4 to reflect Bapcor comment) By Sophie Boot Jan. 10 (BusinessDesk) - ASX-listed auto-parts company Bapcor now owns more than half of Hellaby Holdings, and will waive its 90 percent condition on its takeover offer. According to its latest disclosure today, Bapcor now holds 50.1 percent of the shares in Hellaby, an increase from the 48.7 percent it held as of last Wednesday. Under its takeover offer made in October, it wanted to buy up to 90 percent of Hellaby at $3.60 per share, a threshold which would let it enforce m...

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