UPDATE: Hellaby directors change tune, support Bapcor takeover

Sun, 15 Jan 2017

(Updates with Hellaby recommendation) By Sophie Boot Jan. 16 (BusinessDesk) - The independent directors of Hellaby Holdings now support a takeover bid by ASX-listed auto parts firm Bapcor after the offer was declared unconditional. Bapcor wants Hellaby for its automotive business and plans to sell its equipment, resources and footwear businesses. The deal will give it a foothold in the New Zealand market, where car sales have been hitting record levels over the last three years due to a rapid increase in population and fast growing eco...

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