PHP outbids rival with £1.79bn takeover deal for Assura

PHP outbids rival with £1.79bn takeover deal for Assura

Assura’s directors said they believe the fresh deal is in the ‘best interests’ of the medical property firm’s shareholders.

Assura endorses £1.79bn PHP takeover offer over rival KKR-Stonepeak bid

UK healthcare real estate firm Assura has backed a £1.79bn ($2.4bn) takeover offer from competitor Primary Health Properties (PHP), rejecting a competing bid from private equity giants KKR and Stonepeak Partners, according to a report by Reuters. PHP’s latest bid values Assura at 53.3 pence per share, outbidding the KKR-Stonepeak consortium’s “best and final” offer of 52.1 pence earlier this month. The PHP offer represents a 47% premium to Assur…

Assura pivots to PHP's improved bid as takeover saga drags on

PHP wins out in battle for Assura with £1.79bn bid

The board of Assura has recommended the offer for the company from Primary Health Properties (PHP), switching from its previous recommendation for the KKR/Stonepeak bid. Under the terms of the increased PHP offer, Assura shareholders would receive 0.3865 new PHP shares and 12.5p in cash. In addition, Assura shareholders would receive a special dividend of […]