Investor wants Bell Equipment to appoint independent committee to consider takeover offers
Last week chair Gary Bell said a delisting of the earth-moving equipment supplier was on the cards
A Puerto Rico-based minority shareholder wants Bell Equipment, the earth-moving equipment seller, to appoint a committee of independent directors to explore the sale of the company after its chair, Gary Bell, last week said a delisting was on the cards.
Gary Bell, also a director of majority shareholder IA Bell, said in an interview with Business Day last Thursday that IA Bell was considering buying all the shares of Bell Equipment and then delisting the company from the main board of the JSE. ..