UPDATE: Hellaby's independent directors want dividend as well as increased Bapcor offer

Mon, 05 Dec 2016

(Recasts, adding Hellaby response, updates shares) By Jonathan Underhill Dec. 5 (BusinessDesk) - The independent directors of Hellaby Holdings said they won't support Bapcor's sweetened takeover unless it also includes a dividend payment that would use up imputation credits. Bapcor today raised its takeover offer for Hellaby Holdings to $3.60 a share from $3.30, bringing it into the independent valuation range and winning increased acceptances from the Accident Compensation Corp and drawing in other institutional investors to lift tota...

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