Bapcor holding fire after mailing Hellaby offer documents
The Australia-based automotive business is offering $322.5 million for Hellaby.
Jenny Ruth Tue, 25 Oct 2016
Bapcor wants to wait and see how receptive Hellaby Holdings’ shareholders are to its $3.30 a share takeover offer, even though Hellaby shares have consistently traded above that level since the offer was first announced.
Bapcor posted its offer to Hellaby shareholders on Friday and Hellaby’s