# IA Bell makes non-binding offer to acquire Bell Equipment

IA Bell and Company (Pty) Ltd has made a non-binding expression of interest to acquire the entire issued ordinary share capital of Bell Equipment Limited not already held, at an indicative offer price of R10 per share. The offer is subject to the Deere transaction becoming unconditional.

- Type: Acquisition
- Announced: 2021-03-10
- Where: South Africa
- Status: announced
- Products: construction and forestry equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Bell Equipment](https://endata.com/companies/15161.md) (target)
- [John Deere Construction & Forestry](https://endata.com/companies/34243.md) (partner)
- [IA Bell and Company](https://endata.com/companies/53759.md) (acquirer)

## Sources

- [listcorp.com](https://www.listcorp.com/jse/bel/bell-equipment-limited/news/non-binding-expression-of-interest-and-cautionary-announcement-2517092.html), 2021-03-10: "Shareholders are advised that on Tuesday, 9 March 2021, Bell received a non-binding expression of interest from IA Bell and Company (Pty) Ltd in respect of a possible transaction to acquire the entire issued ordinary share capital of Bell not already held by or to be acquired by IA Bell if the Deere"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.