Bapcor waives higher threshold condition
The Bapcor board has waived the 90 per cent acceptance threshold following the announcement.
In response to the latest development, the board of Hellaby Holdings said Bapcor’s offer “remains subject to a number of other conditions that have yet to be declared satisfied or waived by Bapcor and therefore the Bapcor offer remains conditional” in a statement.
Representatives of both companies’ boards will meet on Thursday and Friday of this week.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
Inside Retail Polls
Kate Box, Local Head of Retail Facebook on stage at Inside Retail Live. Register now for Festival of Retail Ideas… https://t.co/d2FBeVGDpz10 hours ago
One has to question how long Australia can sustain so many similar 'disruptive' retailers. https://t.co/YBHR6JXqZU12 hours ago