I was one of the larger individual investors in Hellaby Holdings when the company received a takeover offer from Bapcor Holdings, an Australian autoparts company. The initial offer was met with a lukewarm response by most investors as well as the board of Hellaby. As an activist investor, I engaged publicly to put pressure on an increase by Bapcor for their buyout offer, which duly happened in January of 2017. Bapcor's second offer was met with support by myself and other shareholders, successfully buying Hellaby Holdings.
This is the post I made on LinkedIn at the time, which was duly picked up by NZ business reporters.
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This opinion piece was originally published on the NZ Herald on 30 January 2013.
As a shareholder in Ryman Healthcare, I'd like to respond to Sue Kedgley's opinion piece regarding wage levels in the retirement sector. She has implied Ryman Healthcare's excellent profitability is a reason why wages in the retirement sector are low for caregivers, and that shareholders should ask about improving wages in this sector. |