Sept 26 (Reuters) - Bapcor Ltd (BAP) :
- Takeover offer for Hellaby Holdings and equity raising (BAP)
- Gives notice of intention to make a takeover offer for 100% of the fully paid
shares in Hellaby Holdings Limited
- Launches equity raising to partially fund the transaction
- Says Bapcor is offering NZ$3.30 cash for all the ordinary shares in Hellaby
- Offer represents an equity valuation of nz$322million for 100% of the issued
share capital on a fully diluted basis
- Says registered Hellaby shareholders as at 23 September 2016 will receive
hellaby's FY 2016 final dividend of 12.5 cents per share
- Offer has no impact on payment of that dividend to those Hellaby shareholders
- The proposed acquisition is expected to be EPS accretive to Bapcor
shareholders
- Says Bapcor expects the transaction to be fully funded by a combination of
current cash holdings and debt facilities
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