Stokes makes National move

WESTRAC owner Kerry Stokes has offered to buy fellow Caterpillar dealer Dale Elphinstone’s 22% share of equipment hire group National Hire for $A117 million.

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National Hire shares soared from $1.88 to $3.14 yesterday after Stokes' Seven Group Holdings, which owns Western Australia/New South Wales Cat dealer WesTrac, launched a $180 million takeover offer.

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