UPDATE: Hellaby shares climb 8.6%, almost matching Bapcor's $322.5 mln takeover offer

Tue, 27 Sep 2016

(Recasts to focus on share price reaction, adds broker comment, ASX notice) By Paul McBeth Sept. 27 (BusinessDesk) - Hellaby Holdings shares climbed 8.6 percent to $3.29, just below the price offered by Australian-listed autoparts firm Bapcor's $322.5 million takeover bid. The NZX-listed company's board said it "strongly recommends" shareholders put off selling until it provides further guidance, and will meet to consider the takeover notice and appoint an independent adviser. Preston, Victoria-based Bapcor is offering $3.30 a share...

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