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BRIEF-Bapcor Ltd's takeover offer for Hellaby Holdings

Published 27/09/2016, 09:25 am
BRIEF-Bapcor Ltd's takeover offer for Hellaby Holdings
BAP
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Sept 26 (Reuters) - Bapcor Ltd BAP.AX :

* Takeover offer for Hellaby Holdings and equity raising BAP.AX

* 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

Source text for Eikon ID:nASX3sLT4g

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