December 8, 2016 / 6:54 AM / 9 months ago

BRIEF-Hellaby says Bapcor refuses to allow dividend in addition to offer price

Dec 8 (Reuters) - Hellaby Holdings Ltd

* Bapcor refuses to allow dividend in addition to offer price

* Bapcor's public refusals regarding dividend now exclude possibility of an additional dividend payment on top of Bapcor's offer price of $3.60

* Says "offer price is at very bottom of independent adviser's value range of $3.60 to $4.12 per share"

* Advised by takeovers panel that, as a result of Bapcor's public statements, offer price of $3.60 per share is a 'last and final' offer price

* Independent directors do not believe that Bapcor's $3.60 price reflects fair value for Hellaby and all its businesses

* Board will be meeting on 15 dec 2016 to discuss offer; recommend that shareholders do not accept offer until they receive further communication Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below