IAB offers to buy remaining Bell Equipment shares, plans to delist the company

Investment holding company IAB, which is owned by representatives of the founding family and affiliates of Bell Equipment and holds 70.13% of the company's issued shares, has offered to buy the remaining shares for R53 a share. This is a premium of 82.3% to the 30-day volume-weighted average traded price of Bell Equipment Shares on the JSE of R31.