Bapcor: Hellaby’s automotive valuation “has to be in fairyland”
Bapcor's chief executive labels $350 million valuation for automotive division as irresponsible.
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Hawke’s Bay
Australia-based Bapcor says Hellaby Holdings’ board’s $350 million valuation of its automotive division “has to be in fairyland.”
Bapcor is offering $3.30 a share, or $322.5 million for all of Hellaby, but an independent report values the New Zealand company between $3.60 and $4.12 a
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Jenny Ruth
Wed, 02 Nov 2016
Wed, 02 Nov 2016
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Bapcor: Hellaby’s automotive valuation “has to be in fairyland”
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