Quantcast
Channel: Daily Construction & Engineering industry news in South Africa
Viewing all articles
Browse latest Browse all 4071

Bell Equipment to go private after family-led takeover

$
0
0
<p><img src="https://biz-file.com/c/2407/744501-208x117.jpg?5" width="208" height="117" alt="Bell Equipment looks to expand its manufacturing capabilities in Europe" align="left"><br><span >Bell Equipment looks to expand its manufacturing capabilities in Europe&lt;/span><p>Bell Equipment announced that it will delist from the JSE after accepting a takeover offer from IA Bell and Company (IAB), a major shareholder and investment holding company led by the Bell family. IAB, which already holds 70.13% of Bell Equipment's shares, has offered to buy out the remaining minority shareholders for R53 per share, a 71% premium to the closing price on 11 July 2024, the last trading day before the offer was announced. The offer values Bell Equipment at R5.1bn.</p><br> <a href="https://www.bizcommunity.com/article/bell-equipment-to-go-private-after-family-led-takeover-816113a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=493&ct=1&ci=250099">Send to a friend</a></p><div style="clear:left"></div>

Viewing all articles
Browse latest Browse all 4071

Trending Articles