Call for panel to probe possible Bell share transaction
By Edward West
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Bell Equipment minority shareholder Shipyard Capital Management and Glacier Pass Management have asked the Takeover Regulatory Panel (TRP) to probe the possible purchase of 31.37 percent of Bell s shares by family-owned company IA Bell, which already owns 38.7 percent of the company.
Richards Bay-based Bell is a heavyequipment manufacturer and distributor, and is a leading international maker of articulated trucks used extensively in mining operations.
On September 7, Bell said the shares in the company owned by US multinational John Deere Construction & Forestry Company (31.37 percent) were being acquired by IA Bell.
Battle to make Bell Equipment give key info Investors fear firm may bulldoze through delisting on the cheap 14 February 2021 - 00:20 By Nick Wilson
A courtroom battle may be looming between minority shareholders and Bell Equipment over the omission of information from the minutes of the company s last annual meeting.
The omission, according to some minority shareholders, could play a vital role in preventing the company being delisted on the cheap .
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