Brief: Estia Health Says It Does Not Regard Bain Capital's Indicative Proposal As Compelling

Estia Health

04/04/2023 09:22

April 4 (Reuters) - Estia Health Ltd  EHE.AX :
    * UPDATE IN RELATION TO INDICATIVE NON-BINDING PROPOSAL FROM
BAIN
CAPITAL
    * DOES NOT REGARD INDICATIVE PROPOSAL AS COMPELLING HAVING
REGARD
TO PRICE AND CONDITIONALITY
    * ENGAGEMENT BETWEEN ESTIA HEALTH AND BAIN CAPITAL IS
PRELIMINARY
IN NATURE
    * NO CERTAINTY THAT INDICATIVE PROPOSAL WILL RESULT IN A
REVISED
PROPOSAL
    * OFFERED TO PROVIDE BAIN CAPITAL LIMITED PERIOD OF ACCESS
TO
CERTAIN NON-PUBLIC FINANCIAL, OTHER INFO ON NON-EXCLUSIVE BASIS
    * ESTIA HEALTH WILL NOT ACQUIRE SHARES UNDER RECENTLY
ANNOUNCED
ON- MARKET BUY-BACK UNTIL FURTHER NOTICE

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Further company coverage:  EHE.AX 

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