![Claims muddy Bell's buyout](https://cdn.magzter.com/1605701739/1721165029/articles/xskRcFqup1721172181938/CLAIMS-MUDDY-BELLS-BUYOUT.jpg)
Heavy equipment maker will be delisted from the JSE if offer is successful.
A potential cloud is hanging over the proposed R762.5 million offer by JSE-listed Bell Equipment to buy out some minority shareholders who own about 15% of the issued shares of the heavy equipment manufacturer and delist the company.
This follows allegations that some minority shareholders, who were apparently acting in concert, failed to notify the market that they had increased their shareholding to 5% or more in Bell Equipment, which should have triggered the issuing of a mandatory notice to shareholders.
Carson Mitchell, the managing member of Shipyard Capital Management LLC, which owns 1.3 million Bell Equipment shares, said on Monday he had made two written appeals to Bell Equipment's board in the past few months urging them to issue a cautionary statement to the market.
"Shareholders who sold below R53 in recent months may have been taken advantage of by parties who knew more than the market knew," he said.
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Denne historien er fra July 17, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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!['Stellies have nothing to lose'](https://reseuro.magzter.com/100x125/articles/23703/1812773/eyZ-E7OQ01724811338009/STELLIES-HAVE-NOTHING-TO-LOSE.jpg)
'Stellies have nothing to lose'
Stellenbosch head coach Steve Barker believes his side have absolutely nothing to lose, as they bid to take down Mamelodi Sundowns and reach the MTN8 final.
![EBEN: IN OR OUT?](https://reseuro.magzter.com/100x125/articles/23703/1812773/8BDNoHXWH1724811293441/EBEN-IN-OR-OUT.jpg)
EBEN: IN OR OUT?
Amiraculous recovery by the lock could see a change in the team to face the All Blacks.
![Easy victories for Novak, Coco](https://reseuro.magzter.com/100x125/articles/23703/1812773/9h_eJWtng1724811233545/EASY-VICTORIES-FOR-NOVAK-COCO.jpg)
Easy victories for Novak, Coco
Defending champion Novak Djokovic eased into the second round of the US Open with a straight-sets victory over qualifier Radu Albot on Monday as Coco Gauff launched her defence of the women's title with a convincing victory.
![Young Boks show future is bright](https://reseuro.magzter.com/100x125/articles/23703/1812773/x81d5RgDJ1724811169858/YOUNG-BOKS-SHOW-FUTURE-IS-BRIGHT.jpg)
Young Boks show future is bright
The selections of Aphelele Fassi and Sacha Feinberg-Mngomezulu at fullback and flyhalf respectively to face the All Blacks in the Rugby Championship at Ellis Park on Saturday indicate a bright future for the Springboks.
![Veteran powerlifter pushing for more medal glory](https://reseuro.magzter.com/100x125/articles/23703/1812773/0fqEFzZyb1724811108163/VETERAN-POWERLIFTER-PUSHING-FOR-MORE-MEDAL-GLORY.jpg)
Veteran powerlifter pushing for more medal glory
Indonesia's most decorated para powerlifter Ni Nengah Widiasih (right) shouts as she bench presses a heavy weight at her training gym, pushing through a shoulder injury to prepare for her next challenge: winning a third Paralympic medal.
![SA athletes ready to go](https://reseuro.magzter.com/100x125/articles/23703/1812773/wZNrxhJSy1724811052468/SA-ATHLETES-READY-TO-GO.jpg)
SA athletes ready to go
The South African squad have settled in Paris and are ready to go at the Paralympic Games, according to the team's chef de mission, Patience Shikwambana.
![Mngqithi issues a stern warning](https://reseuro.magzter.com/100x125/articles/23703/1812773/p9CnGiyzj1724810994061/MNGQITHI-ISSUES-A-STERN-WARNING.jpg)
Mngqithi issues a stern warning
On the eve of their MTN8 Cup first leg semifinal clash at the Lucas Moripe Stadium, Mamelodi Sun downs coach Manqoba Mngqithi has offered a friendly warning to Stellenbosch FC.
![ADVTech eyes varsity status](https://reseuro.magzter.com/100x125/articles/23703/1812773/mQmK828fR1724810873301/ADVTECH-EYES-VARSITY-STATUS.jpg)
ADVTech eyes varsity status
Some of the group’s colleges offer degrees that are of the same level as those of public universities.
![Bank fuel rewards trump garages](https://reseuro.magzter.com/100x125/articles/23703/1812773/sLlaFXOwq1724810758799/BANK-FUEL-REWARDS-TRUMP-GARAGES.jpg)
Bank fuel rewards trump garages
Tops is 30c per litre from BP Rewards, PnP Smart Shopper cards together.
![Con artist sequestrated](https://reseuro.magzter.com/100x125/articles/23703/1812773/65gbIUxTN1724810657048/CON-ARTIST-SEQUESTRATED.jpg)
Con artist sequestrated
Marketed the sale of fraudulent travel vouchers at big discounts.