Bell Equipment Gains, Reversing Decline, After Announcing Talks

May 25 (Bloomberg) -- Bell Equipment Ltd., a South African maker and distributor of materials-handling machinery, gained, reversing an earlier decline, after saying it is in talks that may have a material affect on the value of its shares.

The stock added 50 cents, or 3.7 percent, to 14.05 rand, where it was trading at 3:47 p.m. in Johannesburg, after earlier trading as low as 13.50 rand. The company didn’t give more details on the negotiations in a stock exchange statement today on the talks. Link to Statement:{NSN LLR7AR3HBS3K <GO>}

Link to Company News:{BEL SJ <Equity> CN <GO>}

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net