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%. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now