Australia's Ramsay Health Care gets $14.8bil offer from KKR-led consortium


Earlier this year, Ramsay and Malaysia's Sime Darby Holdings received a $1.35 billion buyout offer from IHH Healthcare Bhd IHHH.KL for their Asia joint venture. Ramsay said it is still pursuing this transaction

Ramsay Health Care RHC.AX, Australia's largest private hospital operator, said on Wednesday it received a A$20.05 billion ($14.80 billion) takeover offer from a consortium led by private equity giant KKR & Co KKR.N.

The non-binding proposal of A$88 per share represents a premium of nearly 37% to Ramsay's Tuesday closing price of A$64.39.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Ramsay Health Care , KKR , Sime ,

   

Next In Business News

Cautious optimism drives market higher
War weighs heavy on oil prices
Azam Jaya aims to raise RM62mil from its IPO
Genting’s legal tangle spooks investors
Exsim secures RM60mil job
Sorento Capital shares oversubscribed by 39.34 times
OB Holdings oversubscribed by 109.47 times
HeiTech Padu bags RM892mil NIIse contract
Exports slow unexpectedly in September
Government's RM300mil allocation to boost solar, hydrogen initiatives - Gentari

Others Also Read