Published 15 January 2017
Bapcor Ltd declared its takeover offer for Hellaby Holdings Ltd unconditional on Friday. Bapcor said it had received acceptances for 52.5% of Hellaby’s shares and it extended the offer to Tuesday 7 February.
Hellaby takeover down to the details
Published 12 January 2017
Australian automotive aftermarket parts company Bapcor Ltd lifts its stake in New Zealand takeover target Hellaby Holdings Ltd over 50% on Monday, waived the 90% acceptance threshold on Tuesday but said its offer remained subject to a number of other conditions that had yet to be declared satisfied or waived.
Hellaby said yesterday representatives of its board would meet Bapcor representatives today & tomorrow to clarify Bapcor’s remaining conditions, timing & offer extension intentions. The offer period currently closes next Wednesday, 18 January.
10 January 2017: Bapcor gets to 50% of Hellaby
2 November 2016: Hellaby independent directors reject Bapcor offer
27 September 2016: Australian auto parts company Bapcor bids for Hellaby
Attribution: Company releases.