Hellaby: Automotive division worth more than the independent valuation
Hellaby Holdings' board is aggressively defending the company's worth and prospects in the face of Australia-based Bapcor's $322.5 million takeover offer.
Jenny Ruth Tue, 01 Nov 2016
Hellaby Holdings’ board has come out fighting, saying its automotive division alone is worth more than Australia-based Bapcor’s $322.5 million takeover offer.
Hellaby says the automotive division is worth at least $350 million, excluding any synergy benefits Bapcor would gain.