Spire Healthcare takeover deadline for Toscafund extended to August 6
Spire Healthcare takeover deadline for Toscafund extended to August 6 July 9 (Reuters) - Britain's Spire Healthcare SPI.L said on Thursday that the deadline for Toscafund Asset Management to make a formal takeover offer for the private hospital operator has been extended for a third time to August 6 from July 9.
Here are some details:
Toscafund tabled its 250 pence-per-share proposal on May 14, a 66% premium to Spire's closing price a day earlier, valuing the company at about £1 billion ($1.34 billion).
If agreed, the deal would give Toscafund, which is also Spire's second-largest investor, control of Britain's largest provider of hip and knee operations, at a time when record NHS waiting lists have fueled a surge in demand for private healthcare.
The asset manager built a near-11% stake in Spire while opposing Ramsay Health Care's RHC.AX 250 pence-per-share proposal in 2021. It has now made a bid at the same price.
($1 = 0.7457 pounds)
(Reporting by Amna Mariyam in Bengaluru; Editing by Sonia Cheema)