Assura, the UK-listed property business that designs and invests in key NHS buildings, received an indicative, non-binding cash offer the private equity consortium back in March, which at the time the board fully recommended.
Assura receives cash offer from KKR and Stonepeak Partners
The board had received an offer from PHP as well but had come with the consortium’s “more attractive” bid.
But in a turn of events, PHP has increased its offer valuing Assura at around £1.79bn and Assura shareholders would now receive 0.3865 new PHP shares and 12.5p in cash in its bid. In addition, Ass…
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