Minority investors fight Bell delisting

Company accused of using low share price to favour family trust

24 January 2021 - 00:05 By NICK WILSON

Bell Equipment’s minority shareholders are pushing it to consider a tie-up with a large international company or a public sale rather than leaving the JSE, saying a delisting at 20-year-low prices would disadvantage long-term investors in favour of the family trust that controls the company.

The shareholders — who include Opportune Investments MD Chris Logan, America-based asset managers Shipyard Capital Management, and Glacier Pass Partners — said the earth-moving equipment supplier, which has been slipping down the ladder in terms of global sales, is a minnow compared to some of its peers from other countries and that taking it private would not help it in its efforts to gain market share...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.