Doubt has been cast on whether the circular distributed by JSE-listed Bell Equipment on a proposed R762.5 million scheme to buy out most minority shareholders fully complies with the legal requirements of the Companies Act.
The offer price of R53 per share to minority shareholders, which is just below Bell Equipment's net asset value (NAV), has been described as "snoep" and not a gift.
This is despite the offer price to shareholders by IA Bell and Company Proprietary Limited (IAB), an investment holding company owned by representatives of the founding family and affiliates of Bell Equipment, being at a premium of 82.3% to the 30-day volume-weighted average traded price of Bell Equipment shares on the JSE of R31, as at Thursday, 11 July.
この記事は The Citizen の August 23, 2024 版に掲載されています。
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この記事は The Citizen の August 23, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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