IA Bell to pay R10 a share for John Deere’s Bell Equipment
IA Bell, which controls the founding family’s wealth, has offered to acquire 31.41% of the earth-moving equipment supplier in a deal worth R300m
18 February 2021 - 19:45
Bell Equipment’s largest shareholder will pay a 13% discount to raise its stake to about three-quarters, the company said, disclosing long-waited financial details of the deal between two top investors that has left at least two minorities worried.
In September 2020 IA Bell, a private company that invests the Bell family’s wealth, announced it wanted to buy 31.41% of Bell Equipment from John Deere, the US multinational which has held the stake for 23 years. This would take IA Bell’s total stake to 70.1%. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.