Nov 1 (Reuters) - Hellaby Holdings Ltd (HBY) :
- Bapcor's offer of $3.30 for each Hellaby share is significantly below independent adviser's valuation range of $3.60 to $4.12 per share
- Advises that its independent directors unanimously recommend that shareholders reject Bapcor takeover offer made on 21 october 2016
- Independent directors believe offer price fails to reflect full value of Hellaby and, in particular, its Automotive Group
- Independent directors believe automotive group has a stand-alone value of at least $350 million
- Co's net profit after tax for first half of fy 2017 to 31 dec 2016 will include a transactional gain of around $30 million from sale of equipment group
- EBITDA forecast for Automotive Group to grow from $26.8 million in fy2016 to $31.1 million in fy2017
- "FY 2017 trading profit is forecast to be significantly ahead of fy 2016 year"
- All figures in NZ$
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Last
$3.53 |
Change
0.025(0.71%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $3.52 | $3.53 | $3.51 | $194.4K | 55.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3442 | $3.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.53 | 16459 | 19 |
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| BAP (ASX) Chart |