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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.