The KKR & Co.-led consortium that wants to take Ramsay Health Care Ltd. private confirmed its A$20.1 billion ($14 billion) bid, while putting forward an alternative plan that the takeover target said is inferior.
The consortium led by KKR hasn’t identified any matters that would cause it to terminate talks to buy Ramsay Health for A$88 per share, the health-care company said in a statement Thursday. The confirmation came more than four months since the KKR-led group first tabled its offer for Ramsay Health, which could be the private equity firm’s biggest ever acquisition in Asia Pacific.
The consortium has made a request to the Ramsay Santé board of directors for due diligence. However, there’s no guarantee that the Paris-listed firm, in which Ramsay Health owns 52.8%, will grant access to the suitors.
Read more: BNN Bloomberg
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