Bapcor Limited
(ASX:BAP) has announced it will increase its offer for Hellaby Holdings to NZ$3.60 per share.
Bapcor made a bid for the automotive parts business in late September with an offer of NZ$3.30 per share.
The company has stated it will not increase its offer price further.
Bapcor has so far secured the support of shareholders representing approximately 40 percent of the total issued capital of Hellaby.
Bapcor Limited reported a net profit of $43.58 million at 30 June 2016.
