December 4, 2016 / 9:51 PM / 9 months ago

BRIEF-Bapcor increases Hellaby takeover offer price

Dec 5 (Reuters) - Bapcor Ltd :

* Bap to increase Hellaby takeover offer price

* Will increase offer price of its cash takeover offer for 100% of fully paid shares in hellaby holdings limited to NZ$3.60 per share

* Transaction will be fully funded by combination of current cash holdings and new acquisition facility With Australia And New Zealand Banking Group

* Bapcor will not be increasing its offer price further

* Revised offer is expected to be EPS accretive to Bapcor shareholders.

* A$181.3 million was raised via Bapcor's institutional placement and share placement plan Source text for Eikon: Further company coverage:

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