Healthscope rejects Brookfield, BGH bids to spur better deal: Reuters
Australian hospital group Healthscope Ltd rejected two takeover approaches this week and said it will instead explore selling its properties, in what analysts called a risky move that could invite a more favourable takeover bid, Reuters reported. The Melbourne-based company said both US$3 billion-plus offers, from Canada’s Brookfield Asset Management and jointly from local private equity firm BGH Capital and 14 percent shareholder AustralianSuper, were conditional and undervalued the business. Reuters last month reported Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan were partnering with BGH in its Healthscope bid.
22 May 2018•3 mins read
