Bell deal: is something brewing?
A constellation of incongruous facts around the offer makes one wonder whether a horse is stalking nearby
22 August 2024 - 05:01
The pending R53 a share delisting offer for Bell Equipment — a South African maker of rugged mining and construction hardware — would appear to be a happy outcome for everyone.
The offer represents a 17-year high for the stock and a more than 80% premium to the 30-day volume-weighted average price of Bell shares on the JSE as of July 11. Shareholders get taken out of a long-languishing share and the Bell family gets to run its business away from the glare of the JSE...
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.